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Question 30: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.

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Question 30:

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.


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Answered by on | Votes 0 |

Answer:

Q = 5L 2K (1)

If L = 0 and K = 10, then putting these values in equation (1)

Q = 5 (0) 2 (10)

= 20 units of output

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