The Production Function for Laser Eye Surgery Is Given by Q

question 41

Multiple Choice

The production function for laser eye surgery is given by Q = 20K^0.5L^0.5, where Q is the number of laser eye surgeries performed per day, K is the number of eye surgery machines (which is fixed at 2 in the short run) , and L is the number of employees. The average product of labor for L = 16 is ____.

• A) 40
• B) 13.33
• C) 9.43
• D) 7.07