Suppose the Production Function for a Coffee Shop Is

question 117

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 product of capital is ____.

• A) 5
• B) 2.5
• C) 2
• D) 0.4

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Definitions:

Authority Compliance Management

A leadership style that emphasizes efficiency and task completion, often at the expense of team member relationships and morale.

Team Management

The techniques, processes, and skills required to effectively manage a group of people working toward a common goal.

Country-Club Management

A leadership style that prioritizes the needs and well-being of employees, sometimes at the expense of organizational performance.

Paternalism/Maternalism

Describes leadership or management styles that resemble a parental approach, where leaders make decisions for their subordinates, aiming to protect and nurture them.