Let the production function of a firm be .

Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K.

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Solution

− Equation (1)

L = 100 units of labour

K = 100 units of capital

Putting these values in equation (1)

Thus, the maximum possible output that he firm can produce is 500 units.

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Let the production function of a firm be . Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K.

− Equation (1) L = 100 units of labour K = 100 units of capital Putting these values in equation (1) Thus, the maximum possible output that he firm can produce is 500 units.

Let the production function of a firm be .

Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K.

− Equation (1)

L = 100 units of labour

K = 100 units of capital

Putting these values in equation (1)

Thus, the maximum possible output that he firm can produce is 500 units.