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Managerial Economics · Quiz 1 · 25 Feb 2024 · January 2024 term

Question 11: Optimal level of capital (K) for producing 10000 units o…

Question 11

+2 marksNumerical answer

The production function for a product is given by q = 100KL If the price of capital is INR 1200 per day and the price of labour INR 300 per day.
Based on the above data, answer the given subquestions.

Optimal level of capital (K*) for producing 10000 units of output will be_______________

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Correct answer: 5

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Question 11 of 19 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 25 Feb 2024, in the January 2024 term (IIT M DEGREE AN2 EXAM QDB2 25 Feb 2024). It carries 2 marks.

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