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    Microeconomics Theory with Applications
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    Exam 6: Production Cost: One Variable Input
  5. Question
    K and L Are Perfect Substitutes in Production in the Following
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K and L Are Perfect Substitutes in Production in the Following

Question 53

Question 53

Multiple Choice

K and L are perfect substitutes in production in the following production function:


A) KL/2.
B) K + L.
C) min(K,L) .
D) max(K,L) .

Correct Answer:

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