Scenario 7.2: the Production Function for Earthquake Detectors (Q) Is Given as Given

question 175

Multiple Choice

Scenario 7.2:
The production function for earthquake detectors (Q) is given as follows:
Q = 4K^1/2L^1/2
where K is the amount of capital employed and L is the amount of labor employed. The price of capital, P_K, is $18 and the price of labor, P_L, is $2.
-Refer to Scenario 7.2. This production function is an example of which of the following types of production functions?

• A) Cobb-Douglas
• B) Leontief
• C) Fixed proportions
• D) Lagrange
• E) none of the above

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Definitions:

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.

Dendrites

Dendrites are the branched projections of a neuron that act to conduct the electrochemical stimulation received from other neural cells to the cell body, or soma, of the neuron from which the dendrites project.

Peripheral Nervous System

Of vertebrates, nerves that carry signals between the central nervous system and the rest of the body.

Autonomic Systems

Autonomic systems refer to the part of the nervous system that controls involuntary bodily functions, including heart rate, digestion, and respiratory rate, operating largely unconsciously.