Multiple Choice
Suppose a production function for a firm takes the following algebraic form: Q = (0.25) K × (1.5) L2,where Q is the output of garage doors produced per month.Now suppose the firm is operating with 10 units of capital (K = 10) and 8 units of labour (L = 8) .What is the output of garage doors per month?
A) 24
B) 240
C) 300
D) 2400
E) 3000
Correct Answer:
Verified
Correct Answer:
Verified
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