Microeconomics 2nd Edition by Douglas Bernheim

تمرين 5

Suppose that a firm uses both labor ( L ) and capital ( K ) as inputs and has the long-run production function Q = F ( L, K ) =
. If its capital is fixed at K = 10 in the short run, what is its short-run production function How much does it produce in the short run (using efficient production methods) if it hires one worker Two workers Three