Let the production function of a firm be Q = 5L1/2K1/2 Find out the m

1.	Let the production function of a firm be Q = 5L1/2K1/2 Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K.
Answer» Q = 5L^1/2K^1/2 ....Equation (1) L = 100 units of labour K = 100 units of capital Putting these values in equation (1) Q = (100)^1/2(100)^1/2 = 5(10)(10) =500 units Thus, the maximum possible output that he firm can produce is 500 units.

Let the production function of a firm be Q = 5L1/2K1/2 Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K.

Answer»

Q = 5L^1/2K^1/2 ....Equation (1)

L = 100 units of labour
K = 100 units of capital
Putting these values in equation (1)

Q = (100)^1/2(100)^1/2

= 5(10)(10)

=500 units

Thus, the maximum possible output that he firm can produce is 500 units.

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Let the production function of a firm be Q = 5L1/2K1/2 Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K.

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