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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
  5. Question
    Suppose the Production Function Is Q = Min {K,2L}
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Suppose the Production Function Is Q = Min {K,2L}

Question 38

Question 38

Multiple Choice

Suppose the production function is Q = min {K,2L}.How much output is produced when 4 units of labor and 9 units of capital are employed?


A) 2
B) 4
C) 8
D) 9

Correct Answer:

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