Most important contributor to increases in the productivity

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Q1. "North Western Manufacturing has the production function Q = min{0.25K, 0.5L}, where K is units of capital also L is hours of labour.
Without any warning, the price of capital doubles. Illustrate what should North Western Manufacturing do in response? Elucidate.
If North Western were planning a new manufacturing plant, would there be any advantages to a larger facility? Elucidate.

Q2. the most important contributor to increases in the productivity of Americans labor over the 1929-2000 period was Illustrate what

Reference no: EM1315026

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