(a) In 33, does the value of change if the budgetchanges from $3000 to $4000(b) In 34
Chapter 15, Problem 35(choose chapter or problem)
(a) In 33, does the value of change if the budgetchanges from $3000 to $4000?(b) In 34, does the value of change if the budgetchanges from $600,000 to $700,000?(c) What condition must a Cobb-Douglas productionfunction, Q = cKaLb, satisfy to ensure that themarginal increase of production (that is, the rate ofincrease of production with budget) is not affectedby the size of the budget?
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