If Output Equals a × (5K + 2L), What Is

question 168

Multiple Choice

If output equals A × (5K + 2L) , what is output if A equals 2,000; capital equals 10; and labor equals 100?

• A) 12,000
• B) 50,000
• C) 120,000
• D) 500,000

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Definitions:

Jamestown

The first permanent English settlement in North America, founded in Virginia in 1607.

Creole

A term used to describe people of mixed European and black descent, particularly in the Caribbean, or languages that have evolved from the blending of different languages in colonial regions.

Portuguese Slave Ship

A vessel used by the Portuguese in the 15th to 19th centuries for the transatlantic slave trade, transporting enslaved Africans to various colonies in the Americas.

Dutch Traders

Merchants from the Netherlands who were prominent in early global trade, including the fur trade in North America and the spice trade in Asia.