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production function, Business Economics
Suppose a firm’s budget were large enough to employ 100 units of either labor or capital, the
cost of a unit of labor being the same as a unit of capital. The production function is X = KL .
Given that output must be at least 20, what is the maximum number of people the firm could
Posted Date: 9/19/2012 4:25:38 PM | Location : United States
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