If the production function is given by and K = 27 and L = 8, total output equals:
A) Y = 1.
B) Y = 18.
C) Y =12.
D) Y= 8.
E) None of these answers is correct.

Name: If the production function is given by and K = 27 and L = 8, total output equals: A) Y = 1. B) Y = 18. C) Y =12. D) Y= 8. E) None of these answers is correct.
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Question

If the production function is given by  and K = 27 and L = 8, total output equals:
A) Y = 1. 
B) Y = 18. 
C) Y =12. 
D) Y= 8. 
E) None of these answers is correct.

Quizplus · Accepted Answer

Using the given production function and input values, we can calculate total output as:
Y = 11*(27^0.75)*(8^0.25)
Y = 11*20.16*2
Y = 444.48
Therefore, total output is Y = 12.

If the Production Function Is Given by and K