Frequent Exam Questions with Answers
The Production Function
Chapter 10 ― Question 13
A firm's production function is Q = K2L2. What quantity does it produce if it employs 4 units of capital and 8 workers?
- 80 units
- 1024 units
- 320 units
- 4096 units
*B. 16 x 64 = 1024.
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