A Firm Estimates Its Long-Run Production Function to Be $Q = - 0.0075 K ^ { 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$

question 25

Multiple Choice

A firm estimates its long-run production function to be $Q = - 0.0075 K ^ { 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$ Suppose the firm employs 12 units of capital.The product curve(s) in the short-run are

• A)TP = -12.96 L³ + 1,728L².
• B)AP = -12.96 L³ + 1,728L².
• C)MP = -38.88 L² + 3,456L.
• D)both a and b
• E)both a and c

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