To determine the output produced by the Leontief production function given by q = min(5k, 6l), we need to plug in the values for k and l.
Substituting k = 40 and l = 35 into the production function:
- Calculate 5k:
5 * 40 = 200 - Calculate 6l:
6 * 35 = 210
According to the Leontief production function, the output q will equal the minimum of the two values calculated:
- q = min(200, 210)
This means that the output produced when k = 40 and l = 35 is:
- q = 200
Thus, the output produced is 200 units.