njood1432 njood1432

17-06-2024
Business

Answered

Clara Barton runs a medical clinic. Her production function is Q = KL where Q is the number of patients treated, and K and L are inputs. K is the number of nurses and L is the number of doctors. The price of K is 1 and the price of L is 5.

Suppose Clara currently employs 1 doctor. How many nurses is she employing if her production plan is optimal?

Answer :

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