Suppose a Firm Uses Both Labour (L)and Capital (K)and Its

question 36

Essay

Suppose a firm uses both labour (L)and capital (K)and its long-run production function is given by the expression Q = F(L,K)= L²Ö(L + 2K).The firm currently uses 100 units of capital.Assuming labour is finely divisible,graph the firm's short-run production function for the first five workers.

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