1.

Let the production function of a firm be: Q=5L1/2K1/2 Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K.

Answer»

Let the production function of a firm be:
Q=5L1/2K1/2

Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K.



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