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28 Sep 2019
Labor, L, and capital, K, are the only inputs in each of the following production functions:
(a) q1 =(L+K)^2.
(b) q2 = (![](https://s3.amazonaws.com/prealliance-textbook-qa.oneclass.com/qa_images/homework_help/question/qa_images/107328979651445/question/0.png?img=48333fd353dda6d348b16ba9b158cf42)
+ ![](https://s3.amazonaws.com/prealliance-textbook-qa.oneclass.com/qa_images/homework_help/question/qa_images/107328979651445/question/1.png?img=bf6fe4c506993d01ca2e2786f794f442)
)^2.
(c) q3 = (20 + ![](https://s3.amazonaws.com/prealliance-textbook-qa.oneclass.com/qa_images/homework_help/question/qa_images/107328979651445/question/2.png?img=3bfcc49210f858a3500e8f6bceb52fa8)
+ ![](https://s3.amazonaws.com/prealliance-textbook-qa.oneclass.com/qa_images/homework_help/question/qa_images/107328979651445/question/3.png?img=e344586c6b0771601f2ab3c0c5bbfc3c)
)^2.
For each production function, use a spreadsheet to find the output associated with the following output combinations.
Table 1: Problem 8 data
Q
p
Po
84
8.5
5.25
82
9
6
85
8.75
6
83
9.25
6.5
82
9.5
6.25
84
9.25
6.25
87
8.25
5.25
81
10
7
82
10
7.25
79
10.5
7.25
82
9.5
6.75
78
10.25
7.25
Table 2: Labor and capital combinations
L
2
4
8
2
K
4
8
Labor, L, and capital, K, are the only inputs in each of the following production functions:
(a) q1 =(L+K)^2.
(b) q2 = (
(c) q3 = (20 +
For each production function, use a spreadsheet to find the output associated with the following output combinations.
Table 1: Problem 8 data
Q | p | Po |
84 | 8.5 | 5.25 |
82 | 9 | 6 |
85 | 8.75 | 6 |
83 | 9.25 | 6.5 |
82 | 9.5 | 6.25 |
84 | 9.25 | 6.25 |
87 | 8.25 | 5.25 |
81 | 10 | 7 |
82 | 10 | 7.25 |
79 | 10.5 | 7.25 |
82 | 9.5 | 6.75 |
78 | 10.25 | 7.25 |
Table 2: Labor and capital combinations
L | ||||
2 | 4 | 8 | ||
2 | ||||
K | 4 | |||
8 |
Joshua StredderLv10
28 Sep 2019