MANKIW: PRINCIPLES OF MACROECONOMICS
8th Edition
ISBN: 9781337801782
Author: Mankiw
Publisher: CENGAGE L
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Chapter 15, Problem 4CQQ
To determine
Increase in wage rate and its effect in the labor
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Exercise 3
The production function of a firm is described by the following equation Q=10,000-3L2 where L
stands for the units of labour.
a) Draw a graph for this equation. Use the quantity produced in the y-axis, and the units of labour in
the x-axis.
b) What is the maximum production level?
c) How many units of labour are needed at that point?
d) Provide one reference with you answer.
Chapter 15 Solutions
MANKIW: PRINCIPLES OF MACROECONOMICS
Ch. 15.1 - Prob. 1QQCh. 15.2 - Prob. 2QQCh. 15.3 - Prob. 3QQCh. 15.4 - Prob. 4QQCh. 15.5 - Prob. 5QQCh. 15 - Prob. 1CQQCh. 15 - Prob. 2CQQCh. 15 - Prob. 3CQQCh. 15 - Prob. 4CQQCh. 15 - Prob. 5CQQ
Ch. 15 - Prob. 6CQQCh. 15 - Prob. 1QRCh. 15 - Prob. 2QRCh. 15 - Prob. 3QRCh. 15 - Prob. 4QRCh. 15 - Prob. 5QRCh. 15 - Prob. 6QRCh. 15 - Prob. 7QRCh. 15 - Prob. 1PACh. 15 - Prob. 2PACh. 15 - Prob. 4PACh. 15 - Prob. 5PACh. 15 - Prob. 6PACh. 15 - Prob. 7PACh. 15 - Prob. 8PACh. 15 - Prob. 9PACh. 15 - Prob. 10PA
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