Multiple Choice
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?
A) 30 sweaters per day
B) 60 sweaters per day
C) 80 sweaters per day
D) 140 sweaters per day
E) 155 sweaters per day
Correct Answer:

Verified
Correct Answer:
Verified
Q5: The table below shows output,marginal cost,and average
Q39: "An objective of firms is to maximize
Q40: The diagram below shows some short-run cost
Q51: Which of the following statements about the
Q59: The following data show the total output
Q65: Consider a basket-producing firm with fixed capital.If
Q72: Consider a firm in the short run.Average
Q82: A firm that has two or more
Q99: Consider a house-construction firm with fixed capital.The
Q128: Which of the following items is part