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Kiely's firm faces the following production function: Q-5-LI KI, where Q is the amount of products produced by the firm, L is the number
Kiely's firm faces the following production function: Q-5-LI KI, where Q is the amount of products produced by the firm, L is the number of hours of labour employed, and K is the amount of capital utilized by the firm. How many products are produced if the firm uses 115 hours of labour and 115 units of capital? Number How many products are produced if the firm uses 201 hours of labour and 201 units of capital? Number The firm displays, Increasing All of the above Constant Decreasing None of the above returns to scale.
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