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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
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Jul 25, 2021
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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?
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Im sorry I tried to figure it out but I didn’t get it either I just wanted to let you now
CanCeylan
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Jul 28, 2021
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