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The production function of the personal computers for DISK Company is given by
Q = 10 KL
where Q is the number of computers produced per day, K s the hours of machine time, and L is hours of labor input. Disk's competitor, FLOPPY Company is using the production function
Q = 10 K.6 L.4.
a) If both companies use equal amounts of capital and labor, which will generate more output?
b) Assume that capital is 9 machine hours, but labor is unlimited in supply. In which company is the marginal product of labor the greater? Explain.
what is third degree discrimination
The production function of the personal computers for DISK Company is given by Q = 10 KL where Q is the number of computers produced per day, K s the hours of machine time,
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