× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
L
3
d
3
y
3
a
3
n
3
d
3
e
3
d
3
c
3
p
3
M
3
a
3
New Topic  
corie corie
wrote...
Posts: 767
6 years ago
Suppose there are ten identical manufacturing firms that produce computer chips with machinery (capital, K) and labor (L), and each firm has a production function of the form q = 10KL0.5.  What is the industry-level production function?
A) Q = 10K10L5
B) Q = 100KL0.5
C) Q = 100L0.5
D) none of the above
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 115 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
B
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  753 People Browsing
Related Images
  
 553
  
 456
  
 309
Your Opinion