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Find out the maximum possible output for a firm with two units of L and 50 units of k when its production function is Q = 5L + 3K

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter7: Production Economics

Section: Chapter Questions

Problem 1.1CE

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Find out the maximum possible output for a firm with two units of L and 50 units of k when its production function is Q = 5L + 3K

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