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firm can manufacture a product according to the production function Q = F (K, L) =...

firm can manufacture a product according to the production function

Q = F (K, L) = K0.75 L 0.25 a. What is this type of function called? Are the inputs perfect substitutes or should they be used in a fixed proportion instead? © (3pts) b. Suppose capital is fixed at 81 units. If the firm can sell its output at a price of $200 per unit and wage is $50, how many units of labor should the firm hire in order to maximize profits?

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