Suppose a Production Function for a Firm Takes the Following

question 119

Multiple Choice

Suppose a production function for a firm takes the following algebraic form: Q = (0.25) K × (1.5) L²,where Q is the output of garage doors produced per month.Now suppose the firm is operating with 10 units of capital (K = 10) and 8 units of labour (L = 8) .What is the output of garage doors per month?

• A)24
• B)240
• C)300
• D)2400
• E)3000

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Definitions:

PO HS

An abbreviation in medical prescriptions indicating that the medication should be taken orally (PO) at bedtime (HS).

Agitated Patient

An individual who is noticeably restless or disturbed, often seen in healthcare settings.

Levothyroxine

A synthetic form of thyroxine, a hormone produced by the thyroid gland, used to treat hypothyroidism and certain types of thyroid tumors.

Hypothyroidism

A condition in which the thyroid gland doesn't produce enough thyroid hormone, leading to a slowdown in bodily functions.