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How to solve A firm production function is q = K L + L , where q is output, K is hours of capital services
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A firm production function is where is output, is hours of capital services and is hours of labor.
a Does this production function exhibit increasing, constant, or decreasing return to scale?
b The firm operates so as to minimize its costs and faces a wage of $ per hour of work and a rental rate of capital of $ If it uses units of how many units of does it use?
c How many units of oytput does it produce?
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