1. Suppose the production function for trucks is given by: q = kl + 6l² - 13 where q represents the weekly quantity of trucks produced, k represents weekly capital input, and I represents weekly labor input. a. Suppose k = 45; at what level of labor input does this average productivity reach a maximum? How many trucks are produced at that point? b. Again assuming that k = 45, at what level of labor input does the total production reach a maximum? How many trucks are produced at that point?

1. Suppose the production function for trucks is given by: q = kl + 6l² - 13 where q represents the weekly quantity of trucks produced, k represents weekly capital input, and I represents weekly labor input. a. Suppose k = 45; at what level of labor input does this average productivity reach a maximum? How many trucks are produced at that point? b. Again assuming that k = 45, at what level of labor input does the total production reach a maximum? How many trucks are produced at that point?

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.2P

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