Ask a New Question

A short run equilibriam production function is given as Q= X

1 answer

^2/3Y^1/3.

Given that X=100 and Y=50, what is the level of output?

The level of output is Q = 100^2/3 * 50^1/3 = 100.

Ask a New Question or answer this question.

Similar Questions

how did the social order of people in the han dynasty reflect Confucian values SHORTSHORT SHORT SHORT SHORT SHORT SHORT SHORT
1. 8 answers
9. Suppose the production function is given by Q(L,K) = L3/4K1/4 Assuming capital is fixed, find APL and MPL. 10. Given a short
1. 1 answer
The revenue function for a production by a theater group is R(t)= -50t^2+300t, where t is the ticket price in dollars. The cost
1. 2 answers
1=Assume the short run production function of a firm is given by Q=KL-0.2K^2-0.1L^2. If L is variable input and K is fixed at 10
1. 1 answer

more similar questions