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Unformatted text preview: Profit Maximization with Multiple Inputs max x , l , k pxwlrk subject to x = f ( l , k ) Example max x , l , k pxwlrk subject to x = l 1 / 5 k 3 / 5 Example 2 Example 3 Example 4 Corner Solutions When isoquants are linear or bowed the wrong way, use only l or only k Corner Solutions Will have a corner solution in how much you produce when f ( l , k ) is CRTS or IRTS Corner Solutions 2...
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 Fall '09
 CUR
 Economics, Microeconomics, Economics of production, Corner Solutions

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