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Use the Production Function: Output = a × (L

Question 37

Multiple Choice

Use the production function: output = A × (L + K + H + N) . If there are two units of land, two units of human capital, three units of natural resources, five units of physical capital, and technology value of three, what is the output that can be produced?


A) 12
B) 15
C) 36
D) 50

Correct Answer:

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