Find the firms total value expenditure e

Reference no: EM131481772

Question: A firm's total expenditure E on inputs is determined by the formula

E = PKK + PLL

where K is the amount of input K used, L is the amount of input L used, PK is the price per unit of K and PL is the price per unit of L. Is one unique value for E determined by any given set of values for K, L, PK and PL? Does this mean that any one particular value for E must always correspond to the same set of values for K, L, PK and PL?

Reference no: EM131481772

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