Find the value of log∗ n for these values of n.

a) 2

b) 4

c) 8

d) 16

e) 256

f) 65536

g) 22048

Week 4 Production Function - Production function: the relationship that states that the quantity of output produced depends on the quantity of inputs o In mathematical terms: Q = f (K, L) • Q represents level of output • K represents capital input • L represents labor input - Inputs: o Fixed inputs: fixed for a period of time, cannot be changed in the “short run” o Variable inputs: the firm can vary this input anytime “Long run” = however long it takes for all of your inputs to become “var