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[See Solution] A firm uses capital and labor to produce a single output good. The production function is given by F(K,L)=K^2L. The unit prices of capital

Question: A firm uses capital and labor to produce a single output good. The production function is given by $F\left( K,L \right)={{K}^{2}}L$. The unit prices of capital and labor are given by, respectively, r = $6 and w = $5. Based on this information, draw the optimal expansion path of the firm. Explain.

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[See Solution] A firm uses capital and labor to produce a single output good. The production function is given by F(K,L)=K^2L. The unit prices of capital

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