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Suppose the Production of DVD Players Can Be Represented by the Following

Question 98

Multiple Choice

Suppose the production of DVD players can be represented by the following production function: q = L0.4K0.4. The firm currently produces q1 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.

Correct Answer:

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