(Appendix) Suppose the Production Function for Widgets Is Q =

question 24

Multiple Choice

(Appendix) Suppose the production function for widgets is Q = (KL) ^½. If capital is fixed at 4 units, what is the marginal product of labor when you produce 10 units of output?

• A)0.4
• B)1
• C)1.5
• D)0.2

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Definitions:

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A measure of how far a vehicle can travel on a specific amount of fuel, often expressed in miles per gallon (mpg) or liters per 100 kilometers (L/100km).

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