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

question 2

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.Average product when 10 units of labor are employed is

• A)12,248
• B)13,142
• C)14,287
• D)15,984
• E)30,672

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