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Suppose the Production of VCRs Can Be Represented by the Following

Question 5

Multiple Choice

Suppose the production of VCRs can be represented by the following production function:
Q = L0.4 K0.4.The firm currently produces Suppose the production of VCRs can be represented by the following production function: Q = L<sup>0.4</sup> K<sup>0.4</sup>.The firm currently produces Units.If all inputs doubled,the new level of output will equal A) 2<sup>0.4 </sup>q<sub>1</sub>. B) 2<sup>0.8 </sup>q<sub>1</sub>. C) 0.8 q<sub>1</sub>. D) 1.6 q<sub>1</sub>.
Units.If all inputs doubled,the new level of output will equal


A) 20.4 q1.
B) 20.8 q1.
C) 0.8 q1.
D) 1.6 q1.

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