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
1
Expert's answer
2014-08-22T10:17:35-0400
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
information.

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