Consider a Production Function $Q = 3 K + 4 L$

question 18

Multiple Choice

Consider a production function $Q = 3 K + 4 L$ , when $L$ is graphed on the $x$ -axis and $K$ is graphed on the $y$ -axis, the marginal rate of technical substitution is equal to:

• A) \(4 / 3\) and the isoquant is convex to the origin.
• B) \(4 / 3\) and the isoquant is a straight line.
• C) \(3 / 4\) and the isoquant is a straight line.
• D) 12 and the isoquant is convex to the origin.

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Definitions:

Defection

The act of deserting a party, cause, or alliance, especially in a political or military context.

Honeyguides

A group of birds known for their unique behavior of leading humans or other animals to beehives, where they feed on the wax and bee larvae.

Ectoparasites

Parasites that live on the external surface of a host, such as lice or fleas, often causing irritation, disease, or other health issues.

Reciprocity

A social exchange principle where benefits are returned by those who receive them, fostering mutual cooperation.