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Determine an equation for expansion path

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Reference no: EM132519118

Given the production function Q = f (K,L) = 100K0.5L0.5 and inputs prices are r = $2, w = $2,

a. Determine an equation for expansion path.

b. What is the efficient input combination with the costs $40.

c. Explain your findings with the help of diagram.

Reference no: EM132519118

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