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NVidia, the pioneering computer graphics chip maker has a line of production of a semiconductor component of one of its chips. The production process represents
NVidia, the pioneering computer graphics chip maker has a line of production of a semiconductor component of one of its chips. The production process represents number of units produced per day (Q) as a function of labor (L), which costs $400 per unit, and capital (K), which costs $800 per unit. The following production function describes the process: Q = 3L2K \f9) If cost were limited to $16,800, the equilibrium combination of K and L (ZPtS) :5: C] 7, 14 C] 28,28 C] 7, 28 C] 14, 28 C] None of the above 10) At TC=16,800, the level of production, AC, and AP of labor (2pts) are: 4116, 4.08, 294 0 32,928, 0.51, 1,176 O 16,464, 1.02, 588 0 65,856, 0.25, 2,344 O None of the above
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