If Output Is Produced According to Q = 4LK, the Price

question 27

Multiple Choice

If output is produced according to Q = 4LK, the price of K is $10, and the price of L is $40, then the cost minimizing cost minimizing combination of K and L capable of producing 64 units of output is

• A) L = 16 and K = 1.
• B) L = 2 and K = 8.
• C) L = 2 and K = 2.
• D) L = 32 and K = 32.
• E) L = 1 and K = 16.

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Definitions:

Horney

Karen Horney, a psychologist who contributed to psychoanalytic theory, emphasizing the importance of cultural and social factors in personality development and neurosis.

Free Association

A psychoanalytic technique where the patient speaks freely to reveal unconscious thoughts and feelings.

Horney

Karen Horney was a German psychoanalyst known for her theory of neurosis, which emphasized social and cultural factors, and for challenging some of Freud's theories, including those on sexuality.

Neurotic Needs

Refer to emotional needs that become excessively intense in neurotic individuals, leading to unhealthy behaviors or patterns.