Long-Run Production: Two Variable Inputs

question 42

Multiple Choice

Long-Run Production: Two Variable Inputs

-At Joey's Lawncutting Service,the production function is represented as: q = min(m,l) ,where q is the quantity of lawns mowed.The inputs are m,the lawn mower,and l,the laborer.Which graph in the above figure best represents the isoquants for Joey's Lawncutting Service when capital per day is on the vertical axis and labor per day is on the horizontal axis?

• A) Graph A
• B) Graph B
• C) Graph C
• D) Graph D

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Definitions:

Females

The sex that is typically associated with the production of ova (eggs) and characteristics attributed to women or female animals in biology.

Pineal Gland

A small endocrine gland in the brain that produces melatonin, a hormone that modulates sleep patterns.

Cerebral Hemispheres

The two halves of the brain, the right and left hemispheres, which are responsible for various functions and cognitive processes.

Melatonin

A substance created by the pineal gland responsible for controlling sleep and wakefulness cycles.