Suppose the production of mp3 players can be represented by the following production function: q = L0.4K0.4. The firm currently produces q1 units.If all inputs doubled,the new level of output will equal
A) 20.4 q1.
B) 20.8 q1.
C) 0.8 q1.
D) 1.6 q1.
Correct Answer:
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