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Economics

We manufacturer automobiles given the production function q = 5KL where q is the number of autos assembled per eight-hour shift, K is the number of robots used on the assembly line (capital) and L is the number of workers hired per hour (labor). If we use K=10 robots and L=10 workers in order to produce q = 450 autos per shift, then we know that production is:

A) technologically efficient

B) technologically inefficient

C) maximized

D) optimal

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91344109

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