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Suppose a firm's production function is given by: q = 2KL, where q is output per week and K and L are the quantities of capital and labor employed per week. Which of the following combination pairs of K and L lie on the same isoquant?

Suppose a firm's production function is given by: q = 2KL, where q is output per week and K and L are the quantities of capital and labor employed per week. Which of the following combination pairs of K and L lie on the same isoquant?

Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter9: Production Functions
Section: Chapter Questions
Problem 9.1P
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Suppose a firm's production function is given by: q = 2KL, where q is output per week and K and L are the quantities of capital and labor employed per week. Which of the following combination pairs of K and L lie on the same isoquant?

A.

all of the above

B.

 K = 2, L = 6 and K = 1, L = 12

C.

K = 5, L = 2 and K = 1, L = 7

D.

K = 1, L = 3 and K = 2, L = 2

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