Quiz-4-2010-2

Quiz-4-2010-2 - KEY ARE 100A Name. Quiz on Problem Set IV...

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KEY ARE 100A Quiz on Problem Set IV February 12 2010 Name……………………………. . Section……………………………. . Given the following production function: 22 3 12 4 0.5 QK L K L =+− L Where K is capital, L is labor (a) Holding the level of K = 2 , derive the labor quantity that maximizes the average product (AP
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Quiz-4-2010-2 - KEY ARE 100A Name. Quiz on Problem Set IV...

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