๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!

  • google app store apple app store
  • โœ–

      Question

      Production function of two companies producing floppy

      and discs was given. Q1 = 10L^0.5 K^0.5 Q2 = 10L^0.6K^0.4 Which of the following is correct if both use same amount of capital and labour ?
      A Q1 = Q2 Correct Answer Incorrect Answer
      B Q1 > Q2 Correct Answer Incorrect Answer
      C Q1 < Q2 Correct Answer Incorrect Answer
      D All of these Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      If K = L, Q1 = Q2 = 10L = 10 K

      Practice Next
      ask-question