Refer to the Following:
a Firm Estimates Its Long-Run Production $$Q = - 0.0075 K ^ { - 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$$

question 13

Multiple Choice

Refer to the following:
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.
-At _______ units of labor, marginal product of labor begins to diminish.

• A) 32.21
• B) 44.44
• C) 66.67
• D) 76.66
• E) 82.27

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Definitions:

Tectonic Forces

Forces generated by the movement and interaction of the Earth's lithospheric plates, responsible for shaping the earth's surface.

Wall Rocks

The rocks surrounding an igneous intrusion or a mineral deposit.

Dikes

Vertical or steeply inclined sheet-like bodies of igneous rock that cut through sedimentary rock layers.

Intrusive Rock

Igneous rock formed from magma that cools and solidifies within the crust of the planet, creating large crystal grains.