The Equation Q = 0

question 61

Multiple Choice

The equation Q = 0.5KL - (0.4) L + 2L2 is an example of

• A) a factor of production equation.
• B) an arithmetic expression of output quantities.
• C) a technological change equation.
• D) a production function.
• E) an economic input function.

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Definitions:

Exoneration

The act of officially clearing someone from blame or fault, particularly in a legal context.

Capital Crime

A crime that is punishable by the death penalty.

Charged

Assigned with a responsibility or task; or in legal terms, accused of a crime or offense.

Due Process

A legal principle that ensures fair treatment through the normal judicial system, especially as a citizen's entitlement.