For the Production Function $Q = 20 \sqrt { K L }$

question 60

Multiple Choice

For the production function $Q = 20 \sqrt { K L }$ , the equation for a typical isoquant is

• A) \(K = \frac { 20 L } { Q ^ { 2 } }\)
• B) \(K = \frac { Q ^ { 2 } } { 20 L }\)
• C) \(L = \frac { K } { 20 Q }\)
• D) \(K = 20 ( Q L ) ^ { 2 }\)

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Marginal Revenue

The additional income obtained from selling one more unit of a product or service.

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The increment in total pricing necessary for the creation of one more unit of any good or service.

Marginal Revenue

The supplementary earnings obtained by selling an extra unit of a good or service.