Suppose the Production Function Can Be Expressed As $$Q = 2 \sqrt { K L }$$

question 73

Multiple Choice

Suppose the production function can be expressed as $$Q = 2 \sqrt { K L }$$ Which of the following combinations of capital and labor lie on the same isoquant?

• A)(5, 6)and (4, 5)
• B)(3, 2)and (7, 1)
• C)(4, 3)and (2, 6)
• D)(10, 3)and (15, 4)

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Definitions:

Compounded Monthly

Interest calculated on the principal and previously earned interest every month.

Future Value

Future value is the value of a current asset at a specified date in the future based on an assumed rate of growth over time.

Compounded Monthly

Interest calculation where interest is added to the principal balance each month, leading to an increase in the total interest earned over time.

Ordinary Annuity

A sequence of identical payments made consistently during a defined timeframe.