Q9.4 Assume that output can be produced only using processes A and B. Process A requires inputs

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Q9.4 Assume that output can be produced only using processes A and B. Process A requires inputs L and K to be combined in the fixed ratio 2L:4K, and process B requires 4L:2K. Is it possible to produce output efficiently using 3L and 3K7 Why or why not?

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Managerial Economics

ISBN: 1518

14th Revised Edition

Authors: Mark Hirschey

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