Microeconomics 2nd Edition by Douglas Bernheim

Exercise 2

Pete and Mary run a firm that packs coffee beans. The number of pounds of coffee they pack depends on the number of workers they hire. They are able to hire workers for a fraction of a day. The number of pounds of coffee they pack in a day is given by the production function Q = F ( L ) = 10 L , where L is the number of hours of labor they hire. Graph their production function.