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  3. Study Set
    Microeconomics Study Set 49
  4. Exam
    Exam 6: Inputs and Production Functions
  5. Question
    For the Production Function\(Q = a K + b L\)
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For the Production Function Q=aK+bLQ = a K + b LQ=aK+bL

Question 70

Question 70

True/False

For the production function Q=aK+bLQ = a K + b LQ=aK+bL , where the variables are graphed as usual, the equation for a typical isoquant is K=Q−bLaK = \frac { Q - b L } { a }K=aQ−bL​ .

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