A firm estimates its long-run production function to be Q = -0.0050 K³L³ + 15 K²L² Suppose the firm employs 10 units of capital. At product of labor begins to diminish. A) 150 B) 66.67 C) 1000 D) 100 E) 200 units of labor, marginal

Survey Of Economics
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Chapter6: Proudction Costs
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A firm estimates its long-run production function to be
Q = -0.0050 K³L³ + 15 K²L²
Suppose the firm employs 10 units of capital. At
product of labor begins to diminish.
A) 150
B) 66.67
C) 1000
D) 100
E) 200
I
units of labor, marginal
Transcribed Image Text:A firm estimates its long-run production function to be Q = -0.0050 K³L³ + 15 K²L² Suppose the firm employs 10 units of capital. At product of labor begins to diminish. A) 150 B) 66.67 C) 1000 D) 100 E) 200 I units of labor, marginal
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