Solved

The Production Function Is Given by F(L)= 6L2/3

Question 6

Multiple Choice

the production function is given by F(L) = 6L2/3.Suppose that the cost per unit of labor is $12 and the price of output is 12, how many units of labor will the firm hire?


A) 32
B) 192
C) 64
D) 128
E) None of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: the production function is given by f(x)=4x<sup>1/2</sup>.If

Q2: the production function is f(x<sub>1</sub>, x<sub>2</sub>)=x<sup>1/2</sup><sub>1</sub>x<sup>1/2</sup><sub>2</sub>.If the

Q3: when Farmer Hoglund applies N pounds of

Q4: the production function is given by f(x)=

Q5: the production function is f(x<sub>1</sub>, x<sub>2</sub>)= x<sup>1/2</sup><sub>1</sub>x<sup>1/2</sup><sub>2</sub>.If

Q7: the production function is given by F(L)=6L<sup>2/3</sup>.Suppose

Q8: the production function is given by f(x)=

Q9: The production function is given by F(L)=6L<sup>2/3</sup>.Suppose

Q10: the production function is given by F(L)=

Q11: if the price of the output good