How much capital does a firm require to produce q = 3200 when labor is 4 and they have a production function equal to q = 200L^0.5K^0.5?

Name: How much capital does a firm require to produce q = 3200 when labor is 4 and they have a production function equal to q = 200L 0.5 K 0.5 ?
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Quizplus · Accepted Answer

Given the production function q = 200L^0.5K^0.5, and with q = 3200 and L = 4, we can solve for K by substituting the given values into the equation: 3200 = 200*(4)^0.5*K^0.5. Solving this equation for K gives K = 64.

How Much Capital Does a Firm Require to Produce Q