A company that produces auto parts has a production function of Q 300 L0 75K0 5 If L 250 and K 25, what is the output of auto parts (2 points) If L increases to 350, what is the output of auto parts (2 points) What does the change in output show regardinglabor as a factor of production (1 point)

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A company that produces auto parts has a production function of Q = 300 L0.75K0.5. If L = 250 and K = 25, what is

A company that produces auto parts has a production function of Q = 300 L0.75K0.5.

If L = 250 and K = 25, what is the output of auto parts? (2 points)
If L increases to 350, what is the output of auto parts? (2 points)
What does the change in output show regardinglabor as a factor of production? (1 point)

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