Find out the maximum possible output for a firm with zero unit of L and 10 units of K when its production function is Q = 5L + 2K
The production function is given by –
Q = 5L + 2K
Where,
Q – Output
L – Labour
K – Capital
Given,
L = 0
K = 10
Therefore, Q = 5(0) + 2 (10)
Q = 0 + 20
Q = 20