a firm produces output according to the production function Q=4K+8L where K is capital and L is
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a firm produces output according to the production function Q=4K+8L where K is capital and L is labour. in this production function are capital and labour (a) perfect complements (b) perfect substitutes (c) imperfect substitutes or (d) perfect substitues as long as labour is less than 8 and perfect complements when labour is more than 8.
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Managerial Economics and Business Strategy
ISBN: 978-0071267441
7th Edition
Authors: Michael R. baye
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