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A small private hospital performs eye surgeries. To have eye surgery performed, 2 input factors are needed, beds (K) and labor (L). If the hospital
A small private hospital performs eye surgeries. To have eye surgery performed, 2 input factors are needed, beds (K) and labor (L). If the hospital has K number of beds and L units of labor, the number of eye surgeries performed in a year, Q, is given by
product function:
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