Production function of an automobile company is given by Q=f(K.L)=K0.5L, 0,5 where K represents capital and...
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Production function of an automobile company is given by Q=f(K.L)=K0.5L, 0,5 where K represents capital and L represents labour. Find the output level of the firm when 400 units of capital and 10,000 units of labour are used. Production function of an automobile company is given by Q=f(K.L)=K0.5L, 0,5 where K represents capital and L represents labour. Find the output level of the firm when 400 units of capital and 10,000 units of labour are used.
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Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
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