What happens to the output of chairs if l increases
The XYZ Company manufactures chairs. It has a production function of Q = 300 L0.75 K0.5. In the short run, if L = 250 and K = 25, what happens to the output of chairs if L jumps to 300 and then 350. What law does this illustrate?
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Adding four or more flights to existing routes, it will have to add two pilots and flight attendants. Add a new route, it will also have to add a ground crew and maintenance staff. Could you have me to figure out?
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