Question: NVidia, the pioneering computer graphics chip maker has a line of production of a semiconductor component of one of its chips. The production process represents
NVidia, the pioneering computer graphics chip maker has a line of production of a semiconductor component of one of its chips. The production process represents number of units produced per day (Q) as a function of labor (L), which costs $400 per unit and capital (K), which costs $800 per unit The following production function describes the process: Q=3L2K Question 7 - If the goal of the firm is to produce 48,000 units a day, the optimum combination of and L required at this level of production is: 21.54 and 86.16 10, 40 63.24 and 63.24 LLLL 63.2 and 126.4 None of the above
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