Answered: 1 02. If production is described by the…

1 02. If production is described by the function y=AL 2, where L represents employment, how much does output increase by if employment increases from 4 to 9 units of labour? a. A b. 5 c. 2 d. 3A

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

02. If production is described by the function y=AL where L represents employment, how much does
output increase by if employment increases from 4 to 9 units of labour?
a. A
Ob. 5
OC. 2
d. 3A
2
"

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