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Business, 15.04.2020 02:12 purplefive85

The output at a certain factory is Q(K, L) 120K23 L13 units, where K is the capital investment measured in units of $1,000 and L the size of the labor force measured in worker-hours. a. Compute the output if the capital investment is $125,000 and the size of the labor force is 1,331 worker-hours. b. What will happen to the output in part (a) if both the level of capital investment and the size of the labor force are cut in half

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The output at a certain factory is Q(K, L) 120K23 L13 units, where K is the capital investment measu...
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