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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
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    Given the Linear Production Function Q = 10K + 5L,if
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Given the Linear Production Function Q = 10K + 5L,if

Question 64

Question 64

Multiple Choice

Given the linear production function Q = 10K + 5L,if Q = 10,000 and K = 500,how much labor is utilized?


A) 600 units
B) 800 units
C) 500 units
D) 1,000 units

Correct Answer:

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