For the production function $Q = a K + b L$, where the variables are graphed as usual, the equation for a typical isoquant is $L = \frac { Q - a K } { b }$.

Name: For the production function $Q = a K + b L$, where the variables are graphed as usual, the equation for a typical isoquant is $L = \frac { Q - a K } { b }$.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

The Answer of For the production function $Q = a K + b L$, where the variables are graphed as usual, the equation for a typical isoquant is $L = \frac { Q - a K } { b }$.

For the Production Function Q=aK+bLQ = a K + b LQ=aK+bL

For the Production Function $Q = a K + b L$