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Given the following production function, , where Q denotes the quantity of a product produced, H denotes the labour input, and K denotes the capital
Given the following production function, , where Q denotes the quantity of a product produced, H denotes the labour input, and K denotes the capital input, which Axiom of Production is violated? Explain. To help you answer this question, consider the following table.q=h\sqrt+k\sqrt= 5,6,6.414214,6.732051,7 h=0,1,2,3,4 k=25,25,25,25,25
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