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Joe owns a small coffee shop, and his production function is: q = 3KL where q is total output in cups per hour, K is the number of coffee machines (capital), and L is the number of employees hired per hour (labor). If Joe's capital is currently fixed at K = 3 machines, what is his short-run production function? A. q = 3L2 B. q = 3K2 C. q = 3L D. q = 9L
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Joe owns a small coffee shop, and his production function is: q = 3KL where q is total output in...
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