Suppose the Production Function for a Coffee Shop Is

question 103

Multiple Choice

Suppose the production function for a coffee shop is:
Q = 2K + 5L
Where Q is the number of cups of coffee produced, K is the number of coffee makers, and L is the number of workers. The function for the marginal rate of technical substitution is ____.

• A) 5
• B) 2.5
• C) 2
• D) 0.4

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Definitions:

Ought

expresses duty, correctness, or advisability, typically concerning moral obligation or desirable actions.

Sociological

Pertains to the study of social behavior, organization, and the structure of society.

Theories

Are systematic explanations of phenomena, often based on observation, experimentation, and reasoning, used to predict outcomes and guide research in various fields of study.

Egoism

Egoism is the ethical stance that treats self-interest as the foundation of morality.