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Suppose a firm with a production function

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Reference no: EM132290591

Suppose a firm with a production function given by Q = K0.25L0.75 produces 1,500 units of output. The firm pays a wage of $50 per unit and pays a rental rate of capital of $50 per unit. To produce 1,500 units of output, the firm should use:

a. 1.25 times as many units of capital as units of labor.

b. 16 units of capital and 6,814 units of labor.

c. equal amounts of labor and capital.

d. 3 times as many units of labor as units of capital.

Reference no: EM132290591

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