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Llanis Llanis
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6 years ago
Suppose the production of VCRs can be represented by the following production function: q = L0.4 K0.4. The firm currently produces q  units. If all inputs doubled, the new level of output will equal
A) 20.4 q1.
B) 20.8 q1.
C) 0.8 q1.
D) 1.6 q1.
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Microeconomics

Microeconomics


Edition: 6th
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TecShdwTecShdw
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6 years ago
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6 years ago
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