76 328
Assignments Done
Successfully Done
In May 2019

Answer to Question #45250 in Economics of Enterprise for biruk zewdie

Question #45250
Given the following short run production function Q=12L-4L,
what will be the maximum production?
what is the range of feasible units of labor that determines second stage of production
Expert's answer
Q=12L-4L = 8L,
This production function has no maximum point, because in is continuously rising.
The range of feasible units of labor is L > 0, and it can't be determined more
exactly in the second stage of production, because there is not enough

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question

Privacy policy Terms and Conditions