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Suppose the Production Function Is Q = Min {3K, L}

Question 160

Multiple Choice

Suppose the production function is Q = min {3K, L}.How much output is produced when 6 units of labor and 3 units of capital are employed?


A) 3.
B) 6.
C) 9.
D) none of the statements associated with this question are correct.

Correct Answer:

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