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    Elasticity of Production for Capital

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    7. A manufacturer has the following production function: Q = 60L^.6 K^.4
    (L = Labor, K = capital, ^.6 is to the .6 power-- ^.4 is to the .4 power)
    What is the elasticity of production for capital? Explain your answer.

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    Solution Summary

    The solution calculates the elasticity of production for capital.