Business, 13.03.2020 16:56 iklassibrahim123
Joe owns a small coffee shop, and his production function is q = 3KL where q is total output in cups per hour, K is the number of coffee machines (capital), and L is the number of employees hired per hour (labor). If Joe's capital is currently fixed at K=3 machines, what is his short-run production function?
Answers: 2
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Joe owns a small coffee shop, and his production function is q = 3KL where q is total output in cups...
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