Economists use the notation Q = f(L,K) to describe

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the technological relationship between the inputs that a firm uses and the outputs that it produces.

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the financial relationship between the inputs that a firm uses and the outputs that it produces.

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the arithmetic relationship between the outputs that a firm uses and the inputs that it produces.

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the flow of labour (L) and capital (K) services that are available when output is (Q).

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the level of output (Q) required to fully employ labour (L) and capital (K).

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