Suppose the Production Function Is Given by Q = 2K

question 76

Multiple Choice

Suppose the production function is given by Q = 2K + L.If w = $4 and r = $4, how many units of K and L will be utilized in the production process?

• A)All K and no L.
• B)All L and no K.
• C)Equal amounts of K and L.
• D)A combination of K and L no represented above.

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