SELECT * FROM question_mgmt as q WHERE id=10273 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=60 AND chapterId=610 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 12th micro-economics Production and Costs let the production function of a firm be q 5l1 2k1

Question:

Let the production function of a firm be Q=5L1/2K1/2Q=5L1/2K1/2 Find out the maximum possible output that the firm can produce with 100 units of LL and 100 units of KK.

Answer:

Q= L K = 5 ................ Equation (1)
L = 100 units of labour
K = 100 units of capital
Putting these values in equation (1)

Q = 5 (100) (100)
= 5(10) (10)
= 500 units
Thus, the maximum possible output that he firm can produce is 500
units.


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