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We manufacture automobiles given the production function q=5KL where q is the number of autos assembled per eight hour shift, K is the number of
We manufacture automobiles given the production function q=5KL where q is the number of autos assembled per eight hour shift, K is the number of robots used on the assembly line (capital) and L is the number of workers hired per hour (labor). If we use K=10 robots and L=10 workers in order to produce q=450 autos per shift, then we know that production is: a)technologically efficient b)technologically inefficient c)maximized d)optimal
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