The Production Function Is Given by F(L)=6L^2/3

question 7

Multiple Choice

the production function is given by F(L) =6L^2/3.Suppose that the cost per unit of labor is $16 and the price of output is 16, how many units of labor will the firm hire?

• A)32
• B)64
• C)192
• D)128
• E)None of the above.

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Definitions:

Capability Index

A statistical tool used to determine the capability of a manufacturing process to meet its specified limits.

Process

A series of actions or steps taken in order to achieve a particular outcome or result.

Capability Index

A statistical measure that quantifies the performance of a process in relation to specified limits or specifications.

Measurements

The act of determining the size, quantity, or degree of something typically using specific instruments or techniques.