Suppose that for the production function q = f( L, K), if L = 3 and K

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Suppose that for the production function q = f( L, K), if L = 3 and K = 5 then q = 10. Is it possible that L = 3 and K = 6 also yields q = 10 for this production function? Why or why not?

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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Question Posted: Nov 13, 2014 03:32 AM

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Suppose that for the production function q = f( L, K), if L = 3 and K

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The production function shows only the maximum amoun...View the full answer

Managerial Economics and Strategy

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