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12-04-2024
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Jaime is a baker who produces gourmet doughnuts. He can access labour at a rate of 2 per hour, and capital at a rate of 0.25 per machine hour. He produces doughnuts according to Q = L + K⁰.5. If the rate of labour is 4 and the rate of capital is 1, What is the total quantity of doughnuts produced?

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