Given the simple production function Q = 3K + 4L, where L is the quantity of labor employed and K is the quantity of capital employed, assuming K = 2 and L = 3, what would it mean if output was less than 18? January 1, 2023 by admin The firm is out of business. The firm is not employing labor and capital efficiently. The production function was not specified correctly. Labor is less productive than capital. See Answer The firm is not employing labor and capital efficiently.