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Suppose that the firm's production function is q = LK. In the short run the amount of capital is fixed at K = 9.
Suppose that the firm's production function is q = LK. In the short run the amount of capital is fixed at K = 9. How much labor (L) is needed to produce 60 units per day?
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
