A Firm Estimates Its Long-Run Production Function to Be $Q = - 0.0075 K ^ { 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$

question 7

Multiple Choice

A firm estimates its long-run production function to be $Q = - 0.0075 K ^ { 3 } L ^ { 3 } + 12 K ^ { 2 } L ^ { 2 }$ Suppose the firm employs 12 units of capital.At _______ units of labor,marginal product of labor begins to diminish.

• A)32.21
• B)44.44
• C)66.67
• D)76.66
• E)82.27

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Definitions:

Unconditioned Response

A spontaneous, innate response to any stimulus, happening without previously acquired knowledge or conditioning.

Taste Aversions

A learned response to eating spoiled or toxic food, where the mere sight or smell of the food can cause nausea or aversion.

Aversive Food

Food items that are typically avoided due to unpleasant taste, smell, or associations, potentially leading to negative physiological responses.

Nauseous Reaction

A nauseous reaction is a physiological response to various stimuli, resulting in the urge to vomit.