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total revenue ulve at a given point. Question 16 Megan owns a small coffee shop, and his production function is q = 3KL where q
total revenue ulve at a given point. Question 16 Megan owns a small coffee shop, and his production function is q = 3KL where q V is total output in cups per hour, K is the number of coffee machines (capital), and L is the number of employees hired per hour (labor). If Megan's capital is currently fixed at K=4 machines, what is her short-run production function? Selected Answer: q =1 2L (32 7 4 ) = 3 (4 Answers: q =3 3 - 12 q = 3 K 2 3KL = +C q=9 q =1 2L
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