From the following data Total orders (Q) # of workers (L) # of machines (K) 18 1 1 22 1 2 26 1 3 29 2 3 33 2 4 Which is the correct corresponding production function? Group of answer choices a.Q = 4 + L + 4K b.Q = 11 + 3L + 4K c.Q = 4L + 3K d.Q = 3L + 4K
From the following data Total orders (Q) # of workers (L) # of machines (K) 18 1 1 22 1 2 26 1 3 29 2 3 33 2 4 Which is the correct corresponding production function? Group of answer choices a.Q = 4 + L + 4K b.Q = 11 + 3L + 4K c.Q = 4L + 3K d.Q = 3L + 4K
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter7: Production Economics
Section: Chapter Questions
Problem 2E
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Question
From the following data
Total orders (Q) | # of workers (L) | # of machines (K) |
18 | 1 | 1 |
22 | 1 | 2 |
26 | 1 | 3 |
29 | 2 | 3 |
33 | 2 | 4 |
Which is the correct corresponding production function?
Group of answer choices
a.Q = 4 + L + 4K
b.Q = 11 + 3L + 4K
c.Q = 4L + 3K
d.Q = 3L + 4K
e. Q = 10 + 4L + 3K
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