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The production function for comic books is CB = 4J 1/4 L 3/4 ,...
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The production function for comic books is CB = 4J 1/4 L 3/4 ,...

The production function for comic books is CB = 4J1/4L3/4, where J is the number of jokes and L is the number of hours of cartoonists labor that is used. If jokes cost $3 each and cartoonists' labor costs $18/hour, then the cheapest way to produce comic books requires using jokes and labor in which ratio (i.e., what is J/L)?

Business Economics Microeconomics
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Answered by Muzafar7

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