The UJava Espresso Stand Needs Two Inputs, Labor and Coffee

question 22

Multiple Choice

The UJava espresso stand needs two inputs, labor and coffee beans, to produce its only output, espresso. Producing an espresso always requires the same amount of coffee beans and the same amount of time. Which of the following production functions would appropriately describe the production process at UJava, where B represents ounces of coffee beans, and L represents hours of labor?

• A) Q = min(2B, 60L).
• B) Q = B^0.40L^0.60.
• C) Q =+.
• D) Q = 0.5B + 0.5L^0.5.
• E) None of the above.

---

Definitions:

Indirect Pay

Employee compensation that does not take the form of direct wages or salaries, including benefits like health insurance, retirement contributions, and other non-cash rewards.

Compensation Package

The total combination of salary, benefits, bonuses, and any other perks provided to an employee in exchange for their work.

Life And Accident Insurance

A type of insurance that provides compensation in case of death or specific bodily injuries as a result of an accident.

Tax Code

The laws, rules, and regulations that govern tax liabilities and benefits, influencing how individuals and businesses are taxed.