A donut shop has a production function given by Q = 50K^1/3L^1/2, where Q is the number of donuts produced per hour, K is the number of donut fryers (which is fixed at eight in the short run), and L is the number of employed workers. How many donuts can be produced per hour with four workers in the short run? A) 200 B) 167 C) 320 D) 84

Question

Quizplus · Accepted Answer

In the short run, K is fixed at 8. Plugging K = 8 and L = 4 into the production function Q = 50(8)^(1/3)(4)^(1/2), we get Q = 50 * 2 * 2 = 200.

A Donut Shop Has a Production Function Given by Q