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corie corie
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Posts: 767
6 years ago
We manufacturer automobiles given the production function q = 5KL where q is the number of autos assembled per eight-hour shift, K is the number of robots used on the assembly line (capital) and L is the number of workers hired per hour (labor).  If we use K=10 robots and L=10 workers in order to produce q = 450 autos per shift, then we know that production is:
A) technologically efficient.
B) technologically inefficient.
C) maximized.
D) optimal.
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Microeconomics

Microeconomics


Edition: 8th
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boransalboransal
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6 years ago
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