If the production function is given by
And
,K = 27,and L = 8,total output equals:
A)Y = 1.
B)Y = 18.
C)Y = 12.
D)Y = 8.
E)none of the above

Question

If the production function is given by 
And 
,K = 27,and L = 8,total output equals:
A)Y = 1. 
B)Y = 18. 
C)Y = 12. 
D)Y = 8. 
E)none of the above

Quizplus · Accepted Answer

We need to substitute the given values of K and L in the given production function to get the total output (Y).
Y = K^(0.5) * L^(0.35)
Y = 27^(0.5) * 8^(0.35)
Y = 3 * 2.021 = 6.063
Rounding off to the nearest whole number, we get:
Y = 6
Thus, the closest option is C) Y = 12.

If the Production Function Is Given by