Home » Suppose the production function for widgets is given by q = KL- .8K2 – .

# Suppose the production function for widgets is given by q = KL- .8K2 – .

Suppose the production function for widgets is given byq = KL- .8K2 – .IV,where q represents the annual quantity of widgets produced, K represents annual capital input,and L represents annual labor input.a. Suppose K— 10; graph the total and average productivity of labor curves. At what levelof labor input does this average productivity reach a maximum? How many widgets areproduced at that point?b. Again assuming that K= 10, graph the MPL curve. At what level of labor input doesMPL = 0?c. Suppose capital inputs were increased to K — 20. How would your answers to parts (a)and (b) change?d. Does the widget production function exhibit constant, increasing, or decreasing returnsto scale?

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.