The output at a certain factory is Q = 600K 1/2 L 1/3 units, where K denotes
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The output at a certain factory is Q = 600K1/2L1/3 units, where K denotes the capital investment and L is the size of the labor force. Estimate the percentage increase in output that will result from a 2% increase in the size of the labor force if capital investment is not changed.
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Related Book For 
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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