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

question 9

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

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Definitions:

File

A tool used to remove fine amounts of material from a workpiece, typically made of hardened steel with a series of ridges or teeth.

Impact Socket

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Deep Well

A type of well that is constructed at a considerable depth to access groundwater in aquifers.

Air Gun

A tool that uses compressed air to project a forceful stream or projectile, often used for cleaning or in pneumatic tools.