05-4 0 The production function for two inputs: Q=FK,L) Output,K=Capital,L Labor For a given technology Economics ECONOMICS MANAGEMENT SCHOOL,TONGJI UNIVERSITYEconomics ECONOMICS & MANAGEMENT SCHOOL, TONGJI UNIVERSITY 05-4 • The production function for two inputs: Q = F(K,L) Q = Output, K = Capital, L = Labor • For a given technology