For the production function $Q = a K + b L$, where the variables are graphed as usual, the equation for a typical isoquant is_____
A) $K = \frac { Q - b L } { a }$
B) $L = \frac { Q - a K } { b }$
C) $K = \frac { Q ^ { 2 } } { L }$
D) $K = a Q - b L$

Question

Quizplus · Accepted Answer

The equation for a typical isoquant is $K = \frac { Q - b L } { a }$. This is because the isoquant represents all combinations of capital and labor that produce the same output level. The equation shows that for a given output level, the amount of capital required decreases as the amount of labor increases.

For the Production Function Q=aK+bLQ = a K + b LQ=aK+bL

For the Production Function $Q = a K + b L$