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Question -

Let the production function of a firm be Q=L1/2K1/2 Find out the maximum possible output that the firm can produce with 100 units of L and 100 units of K. 



Answer -

Q=5L1/2K1/2(Given)Q=5×1001/2×1001/2
Q = 5 x 10 x 10 = 500 units So, 
the maximum possible output(Q) = 500 units.

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