Applying the Concept of a Production Function to Your Learning,assume

question 75

Multiple Choice

Applying the concept of a production function to your learning,assume that the amount of learning you acquire can be summarized by the following equation (and that your motivation to learn and the quality of instruction are both rated on a scale from 1 to 10) :
Amount of learning acquired = 0.2(number of books read) + 0.25(hours spent studying) + 0.15(quality of instruction) + 0.4(motivation to learn)
-Refer to Exhibit 17-5.Based on the equation given in this exhibit,if your motivation to learn rises from 7 to 9,by how much will the amount of learning acquired rise as a result?

• A) 2
• B) 0.8
• C) 1.6
• D) 8

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Definitions:

Normal Balance

The typical side (debit or credit) on which an account increases, based on its classification in the accounting equation.

Account Category

A way to organize various types of accounts in accounting, such as assets, liabilities, equity, revenue, and expenses, based on their nature.

Subsidiary Ledger

A detailed ledger that contains all the transactions of a particular account, which then summarizes into a single general ledger account.

Accounts Receivable

Represents money owed to a business by its clients or customers for goods or services delivered but not yet paid for.