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

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 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

A Firm Estimates Its Long-Run Production Function to Be Q=−0.0075K3L3+12K2L2Q = - 0.0075 K ^ { 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }Q=−0.0075K3L3+12K2L2

A Firm Estimates Its Long-Run Production Function to Be $Q = - 0.0075 K ^ { 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$