The Cobb-Douglas Production Function for a Beer Manufacturer Is Q=1

question 44

Multiple Choice

The Cobb-Douglas production function for a beer manufacturer is q=1.52L^0.6K^0.4. Assume that the firm's capital is fixed at 250 units, the rental rate of capital is $5 per unit, and the wage rate is $10 per hour. The amount of labor needed to produce q units of output is

• A)0.0124q.
• B)13.832q⁰.6.
• C)0.0124q¹.67.
• D)13.832q¹.67.

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