Question

Labor, L, and capital, K, are the only inputs in each of the following production functions:

(a) q1 =(L+K)^2.

(b) q2 = ( + )^2.

(c) q3 = (20 + + )^2.

For each production function, use a spreadsheet to find the output associated with the following output combinations.

Table 1: Problem 8 data

Q	p	Po
84	8.5	5.25
82	9	6
85	8.75	6
83	9.25	6.5
82	9.5	6.25
84	9.25	6.25
87	8.25	5.25
81	10	7
82	10	7.25
79	10.5	7.25
82	9.5	6.75
78	10.25	7.25

Table 2: Labor and capital combinations

		L
		2	4	8
	2
K	4
	8