Question
4- Leontief production function (or fixed-proportions production function) is also common in the literature. It can be written as a. b. q = min(K,
4- Leontief production function (or fixed-proportions production function) is also common in the literature. It can be written as a. b. q = min(K, mL) What can be addressed by m? Explain how they represent an extreme case regarding input substitutability.
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Contemporary Human Resource Management Text And Cases
Authors: Tom Redman, Adrian Wilkinson
4th Edition
0273757822, 9780273757825
