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Exponential function and the natural logarithm function

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Reference no: EM132162007

Write the equation for an isoquant for the production function q= f(K, L) = α*ln(K) + β*ln(L). Make sure to state it in an explicit form where K represents a function of L for a fixed level of output, q0. Hint: requires the knowledge of the exponential function and the natural logarithm function.

Reference no: EM132162007

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