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Question: the output at a certain factory is qkl900k14l34units where kk...

Question details

The output at a certain factory is Q(K,L)=900K^1/4*L^3/4units, where KK is the capital investment measured in units of $1000 and LL the size of the labor force measured in worker-hours.

(a) Compute the output if the capital investment is $150000 and the size of the labor force is 1114 worker-hours.
Output:

(b) By what factor will output change if both the level of capital investment and the size of the labor force are cut in half?
Factor:

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