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Let the Production Function of a Firm Be Q = 5 L 1 2 K 1 2 . Find Out the Maximum Possible Output that the Firm Can Produce with 100 Units of L and 100 Units of K. - Economics

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प्रश्न

Let the production function of a firm be `Q=5L^(1/2)K^(1/2)`.

Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K.

योग

उत्तर

`Q=5L^(1/2)K^(1/2)................(1)`

L = 100 units of labour

K = 100 units of capital

Putting these values in equation (1)

`Q = 5(100)^(1/2)(100)^(1/2)`

= 5(10)(10)

= 500 units

Thus, the maximum possible output that he firm can produce is 500 units.

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Production Function
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अध्याय 3: Production And Costs - Exercise [पृष्ठ ५२]

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एनसीईआरटी Economics - Introductory Microeconomics [English]
अध्याय 3 Production And Costs
Exercise | Q 28 | पृष्ठ ५२
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