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:

Coleoptile

A protective sheath covering the emerging shoot in monocotyledons like grasses and grains.

Frits Went

A botanist known for his pioneering work on plant hormones and their role in plant growth and development.

Auxin

A class of plant hormones that play a key role in coordinating growth and behavioral processes, including cell elongation and branching.

Kenneth Thimann

A renowned botanist and biochemist, best known for his work in plant physiology, particularly in the discovery of auxins, a class of plant growth hormones.