Production Functions

Welcome to the "Production Functions" category on Questions LLC! This section is dedicated to discussing and exploring the fascinating concept of production functions. Whether you are a student studying economics or a business professional looking to optimize your company's production processes, this is the place for you. Here, you can find answers to questions about the fundamental principles, application, and optimization of production functions. Gain insights into how inputs such as labor, capital, and technology interact to determine outputs, and uncover strategies to enhance productivity and efficiency. Join our community of curious minds and delve into the world of production functions with us!

Questions (14)

a. Explain the different dimensions of technological progressb. Suppose that the production function is given by Y = K1/2 N1
1. 2 answers
2. asked by Jr
3. 147 views
Given production function ,Y=X^a in maximum profit .a) The factor demand function b)The supply function
1. 1 answer
2. asked by William wandwi
3. 82 views
Which of the following production functions exhibit constant returns to scale? In each caseys output and K and L are inputs. (1)
1. 1 answer
2. asked by Sabiya
3. 898 views
Cobb-Douglas Production functionY=60K^1/3 L^2/3 If K=64 L=8 calculate MPL What is the equilibrium real wage in the economy
1. 1 answer
2. asked by Julie
3. 1,031 views
Economists use production functions to describe how output of a system varies with another variable such as labour or capital.
1. 2 answers
2. asked by Assignment6
3. 685 views
a producer of light bulbs claims to have the folllowing production function: Q=10L*G.a) what is the marginal product of labor?
1. 2 answers
2. asked by Lisel
3. 522 views
Hopefully someone can help me with this."Suppose the production of airframes is characterized by a CES production function:
1. 1 answer
2. asked by Jessica
3. 479 views
Please help me on this one!You are planning to estimate a short-run production function for your firm, and you have the
1. 4 answers
2. asked by TrickyEconomics
3. 658 views
Cant find equations for solving for MP and AP.Suppose firms A and B each make T-shirts. Firm A's production function is q = L0.5
1. 1 answer
2. asked by Bono
3. 636 views
1. Suppose the production function is given by Q(L,K) = L4 3 K 4 1 . Assuming capital is fixed, find APL and MPL . 2. Consider
1. 1 answer
2. asked by Riek
3. 58 views
1. Suppose the production function is given by Q(L,K) = L4 3 K 4 1 . Assuming capital is fixed, find APL and MPL .
1. 1 answer
2. asked by Riek
3. 34 views
1. Suppose the production function is given by Q(L,K) = L K . Assuming capital is fixed,find APL and MPL . 2. Consider the
1. 1 answer
2. asked anonymously
3. 154 views
The relationship Q = f(K, L) is an example of aPart 2 A. cost function. B. demand equation. C. profit equation. D.
1. 1 answer
2. asked by AOL
3. 29 views
Diminishing marginal rate of technical substitution
1. 1 answer
2. asked by Jr
3. 15 views