Examlex

Solved

Suppose the Production Function Is Given by Q = 2K

question 37

Multiple Choice

Suppose the production function is given by Q = 2K + 5L.What is the marginal product of labor when 15 units of capital and 10 units of labor are employed?


Definitions:

Concise

Expressing or covering a lot in few words; brief but comprehensive.

Jargon

Specialized or technical language used by a particular group or profession, often difficult for outsiders to understand.

Social/Polite Touch

involves the use of physical contact in social interactions to convey respect, acknowledgment, or a form of greeting, typically governed by cultural norms.

Touch Avoidance

A behavior or tendency to avoid physical contact with others, often due to personal, cultural, or psychological reasons.

Related Questions