Joe Owns a Small Coffee Shop, and His Production Function

question 76

Multiple Choice

Joe owns a small coffee shop, and his production function is q = 3KL where q is total output in cups per hour, K is the number of coffee machines (capital) , and L is the number of employees hired per hour (labor) . If Joe's capital is currently fixed at K=3 machines, what is his short-run production function?

• A) q = 3L
• B) q = 3L²
• C) q = 9L
• D) q = 3K²

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Definitions:

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