Suppose the production function is Q = min {3K,L}.How much output is produced when 6 units of labor and 3 units of capital are employed?
A) 3
B) 6
C) 9
D) None of the preceding statements is correct.

Question

Quizplus · Accepted Answer

The Answer of Suppose the production function is Q = min {3K,L}.How much output is produced when 6 units of labor and 3 units of capital are employed?
A) 3
B) 6
C) 9
D) None of the preceding statements is correct.

Suppose the Production Function Is Q = Min {3K,L}