Suppose that the production function for a commodity is given by

Q = 10√LK

Where Q is the quantity of output, L is the quantity of labor, and K is the quantity of capital.

(a) Calculate Q when L = 1 and K = 1, and L = 2 and K = 2, then compare. (b) Given K = 1, show the change in Q if L changes from 1 to 2, and 2 to 3.

Workers hired 0 1 2 3 4 5 6

Total product 0 12 22 30 36 4 42

Q = 10√LK

Where Q is the quantity of output, L is the quantity of labor, and K is the quantity of capital.

(a) Calculate Q when L = 1 and K = 1, and L = 2 and K = 2, then compare. (b) Given K = 1, show the change in Q if L changes from 1 to 2, and 2 to 3.

Workers hired 0 1 2 3 4 5 6

Total product 0 12 22 30 36 4 42

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