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

question 53

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.
-Marginal 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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