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Business, 21.04.2020 15:48 expresslmnop
A company's production function is Q = 5LK, where Q is the output rate, L is the number of units of labor, and K is the number of units of capital. The price of labor is $1 a unit, and the price of capital is $2 per unit. a. What input mix should the firm use to produce 360 units of outputs?
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A company's production function is Q = 5LK, where Q is the output rate, L is the number of units of...
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