Suppose it takes workers at a plant five hours to produce what a machine can make in one hour. In this case, the production function is linear with a = 5and b=1; Equation is : %3D Q = 5K + L. If K=2 and L=5 What is the maximum quantity of output? answer must be a whole number only

Suppose it takes workers at a plant five hours to produce what a machine can make in one hour. In this case, the production function is linear with a = 5and b=1; Equation is : %3D Q = 5K + L. If K=2 and L=5 What is the maximum quantity of output? answer must be a whole number only

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.8P

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Suppose it takes workers at a plant
five hours to produce what a
machine can make in one hour. In this
case, the production function is
linear with a = 5and b=1; Equation is :
%3D
Q = 5K + L. f K=2 and L=5 What is
the maximum quantity of output?
answer must be a whole
number only

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