Question

let the production function of a firm be Q = 5L + 2K .find out the maximum possible output that the firm can with 50 untis of L and 10 untis of K​

Answer 1

Answer:

270 possible outputs.

Explanation:

Q = 5L + 2K

If L = 50 and K = 10

Then, the equation

Q = 5L + 2K → Q = 5(50) + 2 (10)

Q = 250 + 20

Q = 270