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A Firm's Production Function Is Given by Q = KL 29\frac { 2 } { 9 }

Question 9

Multiple Choice

A firm's production function is given by Q = KL
Unit capital and labour costs are $2 and $1 respectively. Find the maximum level of output if the total cost of capital and labour is $6.


A) 29\frac { 2 } { 9 }

B) 119\frac { 11 } { 9 }

C) 43\frac { 4 } { 3 }

D) 92\frac { 9 } { 2 }

E) 23\frac { 2 } { 3 }

Correct Answer:

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