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(Solved): Suppose the production function for firm Omega can be represented as q=f(K, L)=0.5*min{2L, 3K}, wher ...



Suppose the production function for firm Omega can be represented as q=f(K, L)=0.5*min{2L, 3K}, where L is the amount of labor used and K the amount of capital used. Draw isoquant curves for q=6 and q=3. Label two points on each curve (put labor L on horizontal axis).



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