Multiple Choice
The production function for laser eye surgery is given by Q = 20K0.5L0.5, where Q is the number of laser eye surgeries performed per day, K is the number of eye surgery machines (which is fixed at 2 in the short run) , and L is the number of employees. The average product of labor for L = 16 is ____.
A) 40
B) 13.33
C) 9.43
D) 7.07
Correct Answer:
Verified
Correct Answer:
Verified
Q36: (Figure: Capital and Labor IV) Which of
Q37: (Table: Capital and Labor XIV) Consider the
Q38: A company has the production function Q
Q39: Suppose that a hot dog vendor uses
Q40: (Figure: Production Function II) Which of the
Q42: Suppose that a firm's production function is
Q43: The production function given by Q =
Q44: A basic assumption of the short run
Q45: Suppose that a hot dog vendor uses
Q46: Suppose the production function for a bakery