Solved

How Much Labor Does a Firm Require to Produce Q

Question 58

Multiple Choice

How much labor does a firm require to produce q = 1000 when capital is fixed at 5 and they have a production function equal to q = 200L0.5K0.5?


A) L = 5
B) L = 2.5
C) L = 200
D) L = 2.25

Correct Answer:

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