Suppose a Production Function for a Firm Takes the Following

question 132

Multiple Choice

Suppose a production function for a firm takes the following algebraic form: Q = (0.5) KL - 40L,where Q is the output of paintbrushes per week.Now suppose the firm is operating with 100 units of capital (K = 100) and 30 000 units of labour (L = 30 000) .What is the output of paintbrushes per week?

• A)30 000
• B)300 000
• C)1 200 000
• D)1 500 000
• E)3 000 000

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Definitions:

Dependent Variable

In experimental research, it is the variable that is being tested and measured, expected to change as a result of modifications to the independent variable.

Experimenter Bias

An unwanted influence on research outcomes due to the researcher's expectations, preferences, or beliefs potentially affecting the data or interpretation.

Research Participant Bias

In an experiment, the influence of participants’ expectations, and of their thoughts on how they should behave, on their behavior.

Confederate

A person who is given a role to play in a study so that the social context can be manipulated.