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corie corie
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6 years ago
The production function of pizzas for One Guy's Pizza shop is y(K, L) = 4 .  K represents the number of ovens One Guy's Pizza uses and is fixed in the short-run at 4 ovens.  L represents the number of labor hours One Guy's Pizza employees and is variable in the short and long-run.  Fill in the empty columns in the table below.

Pizzas   K   L   MPL (L, K)  =     MPK (K, L)  = 
   4   1      
   4   4      
   4   9      
   4   16
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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6 years ago
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