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Q. No. 2 Given the production function (05) Q = f (K,L) = 100Ko.510.5 and inputs prices are r = $2, w = $2, a.

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Q. No. 2 Given the production function (05) Q = f (K,L) = 100Ko.510.5 and inputs prices are r = $2, w = $2, a. Determine an equation for expansion path. (02) b. What is the efficient input combination with the costs $40. (02) c. Explain your findings with the help of diagram. (01)

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