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.Average product when 10 units of labor are employed is
A)12,248
B)13,142
C)14,287
D)15,984
E)30,672

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.Average product when 10 units of labor are employed is
A)12,248
B)13,142
C)14,287
D)15,984
E)30,672

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.Average product when 10 units of labor are employed is
A)12,248
B)13,142
C)14,287
D)15,984
E)30,672

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 $Q = - 0.0075 K ^ { 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$