Question

For questions 9-11, consider an example of a production function that relates the monthly production of widgets to the monthl
10. Now suppose that K increases to 20 because the firm increases the size of its widget factory. Recompute the value of Q fo
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Answer #1

9.

To fill the table you simply have to substitute the values of K and L in the q equation.

K L q
10 8 73.60
10 12 105.60
10 16 134.40
10 20 160
10 24 182.40
10 28 201.60
10 36 230.40
10 44 246.40

10.

Again, repeat the same procedure. Substitute the new values in the given equation.

K L q
20 8 153.60
20 12 225.60
20 16 294.40
20 20 360.00
20 24 422.40
20 28 481.60
20 36 590.40
20 44

686.40

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