Problem: Suppose that the production function for a commodity is given by
Q= 10/LK where Q is the quantity of output, L is the quantity of labor, and K is the quantity of capital.
(a) Caculate Q when L=1 and K=1, and L=2 and K=2, then compare. 12 (b), Given K=1, show the change in Q if L changes from 1 to 2, and 2 to 3.