#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
The quantity of output that a firm can produce can be thought of as a function of the amounts of capital and labor employed and represented as Q = j(K,L). Such a function is called a production function.
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iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p67
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