Symbiosis National Aptitude Test SNAP 2018 Paper

Question : 49 of 130

Marks: +1, -0

If a labor output function for a laundry service is described by the following equation: O =

(a^0- 4L^0)^6

, where L denotes Labour and O denotes output. T hen, output

Solution:

Labour output function O =

(a° - 4 L°)^6

Here, a° and L° both are constant so, labour output is independent of the labour

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