Economists Use the Notation Q = F(L,K)to Describe

question 8

Multiple Choice

Economists use the notation Q = f(L,K) to describe

• A)the flow of labour (L)and capital (K)services that are available when output is (Q).
• B)the financial relationship between the inputs that a firm uses and the outputs that it produces.
• C)the arithmetic relationship between the outputs that a firm uses and the inputs that it produces.
• D)the technological relationship between the inputs that a firm uses and the outputs that it produces.
• E)the level of output (Q)required to fully employ labour (L)and capital (K).