Suppose the Firm's Production Function Is Q = K^1/3L^2/3, Where

question 118

Multiple Choice

Suppose the firm's production function is Q = K^1/3L^2/3, where the MPK = and MP_L =
)
If the rental rate of capital R is $35 and the wage rate W is $70, how many units of labor and capital should the firm use to produce 12 units of output?

• A) L = 18; K = 9
• B) L = 9; K = 18
• C) L = 12; K = 12
• D) L = 24; K = 24

---

Definitions:

Adaptive Evolution

Evolutionary changes that improve an organism's fit to its environment, driven by natural selection.

Language-Processing Centers

Regions in the brain responsible for understanding and producing language, including Broca's and Wernicke's areas.

Existing Traits

Characteristics or attributes of organisms that are already present in a population due to evolutionary processes.

Minority Domination

A situation where a smaller or less powerful group controls or influences a larger group or organization.