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Assume the production function of a manufacturing company is given as Q = 5L 12K 520, where the initial amount of L-K=100. If each
Assume the production function of a manufacturing company is given as Q = 5L 12K 520, where the initial amount of L-K=100. If each input (Land K) is increased by 4%. Estimate the new quantity resulting from varying the inputs and indicate the type of return to scale exhibited in the production function A BI f
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