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प्रश्न
Find out the maximum possible output for a firm with zero unit of L and 10 units of K when its production function is Q = 5L = 2K.
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उत्तर
Q = 5L + 2K ...........(1)
If L = 0 and K = 10, then putting these values in equation (1)
Q = 5 (0) + 2 (10)
= 20 units of output
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संबंधित प्रश्न
Define production function.
Distinguish between short-run and long-run production functions.
Explain the concept of a production function.
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.
Let the production function of a firm be Q = 2L2 K2.
Find out the maximum possible output that the firm can produce with 5 units of L and 2 units of K. What is the maximum possible output that the firm can produce with zero unit of L and 10 units of K?
What is meant by production function?
The functional relationship between “inputs” and “outputs” is called as
The long-run production function is explained by
A production function measures the relation between
If average product is decreasing, then marginal product
State the production function.
What is the main feature of inputs in the short run?
Which of the following is a flow concept?
Which law is studied with the short‑run production function Q = f(L)?
Tjalling Koopmans is known for his work on ______.
What is the dependent variable in the production function Qx = f(f1, f2, ..., fn)?
