Without any warning the price of capital doubles. what, Ask an Expert

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"North Western Manufacturing has the production function Q = min{0.25K, 0.5L}, where K is units of capital and L is hours of labour.

Without any warning, the price of capital doubles. What should North Western Manufacturing do in response? describe.

If North Western were planning a new manufacturing plant, would there be any advantages to a larger facility? describe.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M965363

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