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Suppose a firm's technology is represented by the function Q = F(L,K)= 5L.25K.75.Does this firm experience economies of scale,diseconomies of scale or neither?
University Laboratories
Specialized facilities within universities where research and experiments are conducted across various disciplines.
Commercial Applicability
The potential for a product, service, or innovation to be successfully marketed and sold in a commercial environment.
Entrepreneurs
People who start, oversee, and bear the risks associated with a business or venture.
Innovative Firms
Companies that specialize in creating new products or services through research, development, and technology.
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