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12th Class Economics Sample Paper Economics - Sample Paper-9

  • question_answer
    The production function of Tata Motors is given as  \[{{Q}_{x}}=F\](L, K) where, L = 50,000 labourers and K = Rs. 5,00,000 crore Identify whether the function relates to short-run or long-run.

    Answer:

    The above production function relates to long run, as both labour and capital are variable.


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