Suppose a production function for a firm takes the following algebraic form: Q= 4KL - (0.2)L, where Q is the output of sweaters per day. Now suppose the firm is operating with 12 units of capital (K = 12) and 11 units of labour (L = 11). What is the output of sweaters? O A. 108 sweaters per day B. 467 sweaters per day C. 459 sweaters per day O D. 526 sweaters per day E. 504 sweaters per day
Suppose a production function for a firm takes the following algebraic form: Q= 4KL - (0.2)L, where Q is the output of sweaters per day. Now suppose the firm is operating with 12 units of capital (K = 12) and 11 units of labour (L = 11). What is the output of sweaters? O A. 108 sweaters per day B. 467 sweaters per day C. 459 sweaters per day O D. 526 sweaters per day E. 504 sweaters per day
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 3.9P
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![Suppose a production function for a firm takes the following algebraic form: Q = 4KL - (0.2)L", where Q is the output of sweaters per day. Now suppose the firm is
operating with 12 units of capital (K = 12) and 11 units of labour (L = 11). What is the output of sweaters?
ign
O A. 108 sweaters per day
Hot
O B. 467 sweaters per day
OC. 459 sweaters per day
ke a
O D. 526 sweaters per day
O E. 504 sweaters per day
Clear all
Check answer
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Transcribed Image Text:Suppose a production function for a firm takes the following algebraic form: Q = 4KL - (0.2)L", where Q is the output of sweaters per day. Now suppose the firm is
operating with 12 units of capital (K = 12) and 11 units of labour (L = 11). What is the output of sweaters?
ign
O A. 108 sweaters per day
Hot
O B. 467 sweaters per day
OC. 459 sweaters per day
ke a
O D. 526 sweaters per day
O E. 504 sweaters per day
Clear all
Check answer
Etext pages
Grapher
Ask my instructor
Review
Resume
MacBook Pro
*
&
#
$
%
@
7
8
1
2
3
4
Y
Q
W
E
J
K
A
S
D
F
M
Z
C
V
この
つ
エ
くO
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