Suppose That a Firm's Production Function Can Be Specified As Q

question 61

Multiple Choice

Suppose that a firm's production function can be specified as $Q = 10 K L$ Which of the following accurately describes this firm's long run total cost function?

• A) \(\frac { Q } { 10 K }\)
• B) \(\frac { Q } { 10 L }\)
• C) \(2 \sqrt { r w Q / 10 }\)
• D) \(2 \sqrt { 10 Q / r w }\)

---

Definitions:

Evolutionary Psychology

A theoretical approach in psychology that applies evolutionary biology concepts to understand human behavior and mental processes.

Cognitive Psychologists

Scientists who study mental processes such as perception, memory, thought, and problem-solving.

Positive Psychology

The study of happiness and well-being, focusing on strengths and virtues that enable individuals and communities to thrive.

Observer Bias

A form of cognitive bias that occurs when researchers' expectations, beliefs, or preferences influence their observations and recording of data, potentially affecting the validity of the results.