The production function of a firm is –Q = 2L2K2Where,Q – OutputL – LabourK – CapitalGiven,L = 5K = 2Therefore, Q = 2 (5)2(2)2Q = 2 X 25 X 4Q = 200When,L = 0K = 10Therefore, Q = 2 (0)2(10)2Q = 2 X 0 X 100Q = 0

Q. 295.0( 3 Votes )

Let the productio

Class 12th NCERT - Introductory Microeconomics 3. Production and Costs

Answer :

The production function of a firm is –

Q = 2L²K²

Where,

Q – Output

L – Labour

K – Capital

Given,

L = 5

K = 2

Therefore, Q = 2 (5)²(2)²

Q = 2 X 25 X 4

Q = 200

When,

L = 0

K = 10

Therefore, Q = 2 (0)²(10)²

Q = 2 X 0 X 100

Q = 0

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