Suppose the Production Function for a Bakery Is

question 64

Multiple Choice

Suppose the production function for a bakery is:
Q = 4K^0.4L^0.6
Where Q is the number of loaves of bread produced per day, K is the number of ovens, and L is the number of workers employed. The function for the marginal rate of technical substitution is ____.

• A) 2.4K^0.4L^-0.4
• B) 1.6K^-0.6L0^.6
• C) KL
• D) (3/2)KL^-1

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Definitions:

Supportive Role

The function of providing assistance, encouragement, or backing to others.

Dislike

Having a feeling of aversion or not being in favor of something or someone.

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The process of introspectively considering one's thoughts, feelings, actions, and the implications or outcomes of those actions.

Visualization And Affirmation

A self-improvement technique involving envisioning positive outcomes and verbally affirming one’s ability to achieve them, to bolster confidence and motivation.