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Business, 26.03.2021 01:20 caldonia2018

NVidia, the pioneering computer graphics chip maker has a line of production of a semiconductor component of one of its chips. The production process represents number of units produced per day (Q) as a function of labor (L), which costs $400 per unit, and capital (K), which costs $800 per unit. The following production function describes the process: Q= 3L^2K

Required:
If cost were limited to $16,800, the equilibrium combination of K and L is:

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