The Production Function

In a certain country, output is produced using only labor and land. The production function i-?where Y is output, X is the quantity of land, and L is the quantity of labor. Factors of production are paid their marginal products. In this country there are 100 acres of land and 200 workers.Land earns a rent of $1,000 per acre per year. Workers are paid a wage of $1 per hour, and work 2,000 hours per year. What is the value of ??

Calculate Price

Price (USD)