If Q = 0.5 K² L², and we use 2 units of capital and 2 units of labour, what is the average product (per unit of labour)? (Only enter the number, no units or symbols.)
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- The aggregate production function is Y = 5KL. If there are 18 units of capital and 50 units of labor, aggregate output is ________________.What is the average product of labor, given that the level of labor equals 10, total output equals 1200, and the marginal product of labor equals 200? Suppose the production function is given by Q= K + 2L. What is the average product of capital when 5 units of capital and 2 units of labor are employed?3) If we duplicate all the production factors of the production function f (L,K) = L 2/3. K1/3, where L are working hours, k the capital then the amount of product will be multiplied by: Choose one: A) 4 B) 2 C) 1 D) 8 E) 0.5
- If the production function is Q = 30 + 22L + 44K, what’s the most you can produce with 9 workers (L) and 2 unit of capital (K)?Enter as a value.Given the following Cobb-Douglas production function, how much more output is produced by adding one more unit of capital (keeping labour constant) when K=100 and L=25? Y=4K0.5 L0.5 a.1 b.2 c.3 d.4The graph below represents per-worker production functions for the same country. Answer the following questions using this graph. Which 1 concept explains that the area between B and C has a flatter slope than the area between A and B? Answer: Law of Diminishing Marginal Returns What has to happen for a country to move from point E to B to D? Answer: The movement through which 3 points (out of 5 given) would indicate the largest increase in productivity? Answer:
- Suppose the production function is given by Q = 3K + 4L. What is the average product of capital when 5 units of capital and 10 units of labor are employed.The aggregate production function is Y = 5KL. If there are 18 units of capital and 50 units of labor, the capital productivity is ___________.Is it possible to increase the labor productivity (output per unit of labor) in a given production process which exhibits diminishing returns to labor? If so, how?
- The aggregate production function is Y = 3KL. If there are 20 units of capital and 50 units of labor, what is labor productivity? Group of answer choices 250 150 60 100Please, assume that At is a technological variable, as reflected in the production functions where capital and labor factors are used tooCompute the Total Cost of the following: Formula: TC = Price of L (Labor Q) + Price of K (Capital Q) Combination Output Units of Labor (L) Labor Costs Units of Capital (K) Capital Cost Total Costs A 10,000 5,000 5,000 B 10,000 1,000 9,000 Price of Labor per unit: php 50.00 Price of Capital per unit: php 100.00
