Question
The processing of Q vaccination appointments can be done using the hours of computer time (denoted by K) and hours of human time (denoted L).
The processing of Q vaccination appointments can be done using the hours of computer time (denoted by K) and hours of human time (denoted L). The processing of Q=400 vaccination appointments requires 4 hours of computer time (L=0 and K=4) or 20 hours of human time (L=20 and K=0). Hours of computer time and hours of human time are perfect substitutes; for example, the processing of Q=400 vaccination appointments could also be done using K=2 hours of computer time and L= 10 hours of human time. Solve B.)
B.) Write out the equation for the production function Q (L,K)
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