1.

Find out the maximum possible output for a firm with zero unit of L and 10 units of K when its production function is : Q=5L+2K.

Answer»

Solution :Given : `Q=5L+2K`. And `L=0` UNITS, `K=10` units
Putting the values of L and K in the f=given production, we GET:
`Q=5(0)+2(10)`
Q or MAXIMUM output `= 20` units.


Discussion

No Comment Found