Question
Suppose that q is quantity of outputs produced, L is labour employed, and K is the capital invested. Say, for the function q = f
Suppose that "q" is quantity of outputs produced, L is labour employed, and K is the capital invested. Say, for the function q = f (L, K), if L = 3 and K = 5 then q = 10.
Question: Is it possible that L = 3 and K = 6 also yields q = 10 for this production function? Why or why not?
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
15th edition
133457230, 978-0133457230
