2. Consider the following production function
Y = AX(L-F)
where Y is output, A is a technology parameter, L is labor input, and F is a fxed amount of labor that is required before the first unit of output can be produced. Assume that the Y = 0 if L ＜ F. Each unit of labor L costs the wage w to hire.
阿摩線上測驗
登入