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Questions
3BVKYH2T8V
Target Exam
CUET
Subject
Economics
Chapter
Micro Economics: Production and Costs
Question:
Let the production function of a firm be Q = 5L(square)K(square). Calculate output it employs 5 units of labour and 2 units of capital.
Options:
300
500
250
130
Correct Answer:
500
Explanation:
Putting L= 5 and K=2, we get 5*25*4 = 500.
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