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A Firm Is Currently Producing 100 Widgets Using 4 Units

Question 68

Multiple Choice

A firm is currently producing 100 widgets using 4 units of labor and 12 units of capital.The firm's production function exhibits constant returns to scale.How many units of labor and capital are needed to produce 350 widgets?


A) L = 14; K = 42
B) L = 15; K = 45
C) L = 14; K = 44
D) L = 15; K = 42

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