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Scenario 7.2:
The production function for earthquake detectors (Q) is given as follows:
Q = 4K1/2L1/2
where K is the amount of capital employed and L is the amount of labor employed. The price of capital, PK, is $18 and the price of labor, PL, is $2.
-Refer to Scenario 7.2. This production function is an example of which of the following types of production functions?
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