Suppose There Are Ten Identical Manufacturing Firms That Produce Computer

question 35

Multiple Choice

Suppose there are ten identical manufacturing firms that produce computer chips with machinery (capital, K) and labor (L) , and each firm has a production function of the form q = 10KL^0.5. What is the industry-level production function?

• A) Q = 10K¹⁰L⁵
• B) Q = 100KL^0.5
• C) Q = 100L^0.5
• D) none of the above

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