suppose a firms budget were large enough to, Business Economics

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suppose a firms budget were large enough to

Suppose a firm’s budget were large enough to employ 100 units of either labor or capital, the
cost of a unit of labor being the same as a unit of capital. The production function is X = KL .
Given that output must be at least 20, what is the maximum number of people the firm could
employ?

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Business Economics: suppose a firms budget were large enough to

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