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onsider the following production functions f (L, K) - a firm with production labor L and capital K produces q = f (L, K) units.
onsider the following production functions f (L, K) - a firm with production labor L and capital K produces q = f (L, K) units. For each production function: (i) sketch some "iso-output" curves for Q = 100, i.e., curves for which f (L, K) is constant and equal to 100. (Put L on the x-axis and K on the y-axis); and (ii) If the firm doubles both labor and capital, does its production change? (You can answer this by plugging in some sample values for L and K). Given your
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