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production theory and analysis, Managerial Economics
The production function is
Q= 20 K0.5 L0.5
For the production function Q= 20 K0.5 L0.5 determine four combinations of capital and labor that will produce 100 and 200 units of output.
Plot these points on a graph and use them to sketch the 100- and 200-unit isoquants.
Posted Date: 12/5/2012 1:45:16 AM | Location :
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