Suppose a Production Function for a Firm Takes the Following

question 79

Multiple Choice

Suppose a production function for a firm takes the following algebraic form: Q = 2KL - (0.2) L2,where Q is the output of sweaters per day.Now suppose the firm is operating with 8 units of capital (K=8) and 10 units of labour (L=10) .What is the output of sweaters?

• A)155 sweaters per day
• B)140 sweaters per day
• C)60 sweaters per day
• D)30 sweaters per day
• E)80 sweaters per day

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Definitions:

Cross-sectional Design

is a research methodology that examines data from a population, or a representative subset, at a specific point in time, often used to identify patterns or relationships.

Special Education

Tailored educational services designed to meet the unique needs of students with disabilities, ensuring they receive appropriate support to achieve educational success.

Acceleration

The provision of special programs that allow gifted students to move ahead at their own pace, even if this means skipping to higher grade levels.

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An approach whereby gifted students are kept at grade level but are enrolled in special programs and given individual activities to allow greater depth of study.