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Let the production function of a firm be `Q=5L^(1//2)K^(1//2)` . Find the maximum possible output that the firm can produce with 100 units of L and 100 units of K. |
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Answer» Given : `Q=5L^(1//2)K^(1//2) ` and L=10 units , K=100 units . Putting the values of L and K in the given production function, we get, `Q=5(100)^(1//2)(100)^(1//2)` i.e., `Q=5sqrt100.sqrt100` Q=500 units. `therefore` Maximum output =500 units . |
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