A Firm Has the Production Function Q = KL, Where

question 33

Multiple Choice

A firm has the production function Q = KL, where K is the amount of capital and L is the amount of labor it uses as inputs.The cost per unit of capital is a rental fee r and the cost per unit of labor is a wage w.The conditional labor demand function L(Q, w, r) is

• A)Qwr.
• B)the square root of Qr/w.
• C)Qw/r.
• D)the square root of Qw/r.
• E)Q/wr.

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