Use the Function $q \left( p _ { 1 } , p _ { 2 } \right) = \frac { 7 p _ { 1 } - 9 p _ { 2 } } { - 9 p _ { 1 } + 9 p _ { 2 } }$

question 80

Multiple Choice

Use the function $q \left( p _ { 1 } , p _ { 2 } \right) = \frac { 7 p _ { 1 } - 9 p _ { 2 } } { - 9 p _ { 1 } + 9 p _ { 2 } }$ to find $q ( - 5 , - 8 )$

• A) \(q ( - 5 , - 8 ) = - \frac { 27 } { 37 }\)
• B) \(q ( - 5 , - 8 ) = \frac { 27 } { 37 }\)
• C) \(q ( - 5 , - 8 ) = - \frac { 37 } { 27 }\)
• D) \(q ( - 5 , - 8 ) = \frac { 37 } { 27 }\)
• E) \(q ( - 5 , - 8 ) = - \frac { 54 } { 37 }\)

---

Definitions:

Production Function

A mathematical model or equation that describes the maximum output of a firm, industry, or entire economy for a given set of inputs.

Labor Input

The amount of work effort, measured in hours or workforce size, used in the production of goods and services.

Marginal Product

The extra yield generated from the utilization of an additional unit of a specific input, with all other inputs remaining unchanged.

Specific Input

A specific input in production is one that is exclusively used in the production of a particular good or service, often leading to unique advantages or efficiencies.