Answer:8 = output produced
Explanation:
Given production function as q = min k 2l
where k = capital units
and l = labor units
min= minimum
Suppose units of labor = 4 units
capital employed = 9 units
q = min k 2l
q = min 9, 2 x 4
q= min 9, 8
q =8 = output produced , since 8 is the minimum output produced.
The production function is the technical relationship between the input and the output quantities being produced by the organization. The main factors affecting the production function are the amount of capital and the number of labor.
The output produced is 8 units.
Computation:
Given,
The production function is q=min{K,2L}
Were,
K is the capital units
L is the labor units
Equation:
Q=min {K, 2L}
Substituting the value of K and L in the above equation.
Q=min {9,2x4}
Q=min{9,8}
Therefore, the outputs produced with 4 units of labor and 9 units of capital is 8 units to be produced.
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