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Author Question: Suppose a production function for a firm takes the following algebraic form: Q = 2KL - (0.2)L2, ... (Read 36 times)

lrhoads

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on: Oct 12, 2022

Question 1

The equation Q = 0.5KL - (0.4)L + 2L2 is an example of
◦ a factor of production equation.
◦ a technological change equation.
◦ an economic input function.
◦ a production function.
◦ an arithmetic expression of output quantities.

Question 2

Suppose a production function for a firm takes the following algebraic form: Q = 2KL - (0.2)L2, where Q is the output of sweaters per day. Now suppose the firm is operating with 8 units of capital (K = 8) and 10 units of labour (L = 10). What is the output of sweaters?
◦ 80 sweaters per day
◦ 140 sweaters per day
◦ 30 sweaters per day
◦ 60 sweaters per day
◦ 155 sweaters per day
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lrhoads on Oct 12, 2022

nora9826

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lrhoads

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

kishoreddi

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Reply 3 on: Yesterday
:D TYSM

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