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What level of man-hours will maximize total output

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Reference no: EM1351149

The production function for Our Production is Q = 50L - 0.1L2; where Q is output and L
man-hours.

a) What level of man-hours will maximize total output?

illustrate the effect of capital formation by comparing the product posibility curves,at the present time and ten years in the future for two economies,one with a high and the other with a lowrate of capital formation

 

Reference no: EM1351149

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