Refer to the following:
A firm estimates its long-run production function to be

$$Q = - 0.0075 K ^ { - 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$$
Suppose the firm employs 12 units of capital.
-At _______ units of labor, marginal product of labor begins to diminish.
A) 32.21
B) 44.44
C) 66.67
D) 76.66
E) 82.27

Question

Refer to the following:
A firm estimates its long-run production function to be

$$Q = - 0.0075 K ^ { - 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$$ 
Suppose the firm employs 12 units of capital.
-At _______ units of labor, marginal product of labor begins to diminish.
A) 32.21
B) 44.44
C) 66.67
D) 76.66
E) 82.27

Quizplus · Accepted Answer

The Answer of Refer to the following:
A firm estimates its long-run production function to be

$$Q = - 0.0075 K ^ { - 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$$ 
Suppose the firm employs 12 units of capital.
-At _______ units of labor, marginal product of labor begins to diminish.
A) 32.21
B) 44.44
C) 66.67
D) 76.66
E) 82.27

Refer to the Following: a Firm Estimates Its Long-Run Production Q=−0.0075K−3L3+12K2L2Q = - 0.0075 K ^ { - 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }Q=−0.0075K−3L3+12K2L2

Refer to the Following:
a Firm Estimates Its Long-Run Production $Q = - 0.0075 K ^ { - 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$