Scenario 7.3:
Use the production function: Q = 4L 1/2 K 1/2 .
-Refer to Scenario 7.3. Which of the following combinations of inputs is on the isoquant to produce 400 units of output?
A) L = 0, K = 400
B) L = 400, K = 0
C) L = 100, K = 100
D) all of the above
E) A and B, but not C

Question

Quizplus · Accepted Answer

The isoquant represents different combinations of inputs that produce the same level of output. To produce 400 units of output, we can plug in the value of Q as 400 in the production function and solve for the combinations of L and K. After solving, we get L = 100 and K = 100 as the combination of inputs on the isoquant to produce 400 units of output. Therefore, the correct answer is option C.

Scenario 7.3: Use the Production Function: Q = 4L1/2K1/2

Scenario 7.3: Use the Production Function: Q = 4L^1/2K^1/2