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

question 42

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