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Marianna [84]
3 years ago
3

A widget manufacturer has an infinitely substitutable production function of the form:

Business
1 answer:
mrs_skeptik [129]3 years ago
6 0

Answer:

Since RTS = 1/2 < w/v = 1, the manufacturer will use only Capital (K). For q = 20, K = 10; q = 40, K = 20; q = 60, K = 30. The Manufacturer's expansion path is the K axis.

Explanation:

See attached picture for graph.

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