Suppose the production of VCRs can be represented by the following production function: q = L0.4 K0.4. The firm currently produces units. If all inputs doubled, the new level of output will equal

A) 20.4 q1.
B) 20.8 q1.
C) 0.8 q1.
D) 1.6 q1.


B

Economics

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Financial risk occurs due to variations in returns which

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What will be an ideal response?

Economics