Skateboards are produced according to the production function, q = 10K
Skateboards are produced according to the production function, q = 10K0.25L0.5 – L. Given that capital is fixed at 16 units in the short run, what quantity of labor is needed to produce 36 units of output?
A) L = 4
B) L = 2
C) L = 25
D) L = 16
ANSWER
A
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