They purchased high-tech machines to aid the workers

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Podunk, Inc. has been making widgets by hand (using no machinery at all) for years. Their production function has been q=0.9L. Recently, they purchased high-tech machines to aid the workers. Unfortunately, none of the workers can figure out how to use the machines. Sketch Podunk’s isoquants.

Reference no: EM131242461

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They purchased high-tech machines to aid the workers : Podunk, Inc. has been making widgets by hand (using no machinery at all) for years. Their production function has been q=0.9L. Recently, they purchased high-tech machines to aid the workers. Unfortunately, none of the workers can figure out how to us..

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