If a Production Function Is Represented as Q = L^α

question 13

Multiple Choice

If a production function is represented as q = L^α K^β,the long-run average cost curve will be horizontal as long as

• A)α + β = 0.
• B)α + β = 1.
• C)q > 0.
• D)L = K.

Recognize the impact of environmental factors on gene expression.

Understand the principles of genetic inheritance and how traits are passed from one generation to the next.

Recognize the implications of being homozygous or heterozygous for a gene and how this affects phenotypic expression.

Grasp the principles of joint tenancy and tenancy in common, including the right of survivorship and severance.

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