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Consider the vectors below for a constant input, capital (K), and a variable input, labor (L). K L 3 5 3 6 3 7 3
Consider the vectors below for a constant input, capital (K), and a variable input, labor (L).
K L 3 5 3 6 3 7 3 8 3 9 3 10 3 11 3 12 3 13 3 14 3 15 3 16 3 17 3 18 3 19 3 20
The production function is given as: Q=0.33*K0.25*L0.75, where Q is the hourly output per line. Given the above inputs vector, theminimumamount of production is _____ units (per hour, per line).
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