Lyons Griffin
03/19/2023 · Elementary School
The firm uses the following formula to calculate the production output \( (P O) \) \[ P O=5,3 C^{2} L^{15}, \text { where } C=\text { capital invested and } L=\text { labour employed } \] If the capital invested \( (C) \) increases by \( 20 \% \), then the change in \( P O \) will be \( 56 \% \) increase \( 32 \% \) increase \( 44 \% \) increase \( 20 \% \) decrease
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The change in production output is a \( 44\% \) increase.
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