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
Q59: The following data show the total output
Q60: The table below provides information on output
Q61: The opportunity cost of any factor of
Q62: The table below provides the annual revenues
Q63: A firm that is maximizing its profits
Q65: Consider a basket-producing firm with fixed capital.If
Q66: The following data show the total output
Q67: The table below provides the total revenues
Q68: If Michelle used $1000 from her savings
Q69: Consider a basket-producing firm with fixed capital.If