Suppose the Production Function Is Q = Min {K,2L}

question 38

Multiple Choice

Suppose the production function is Q = min {K,2L}.How much output is produced when 4 units of labor and 9 units of capital are employed?

• A) 2
• B) 4
• C) 8
• D) 9

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Definitions:

Tissue

Groups of cells within an organism that have similar structure and function.

Cytoplasm

The material within a living cell, excluding the nucleus, containing various organelles and substances.

Nuclear Membrane

The lipid bilayer membrane which surrounds the genetic material and nucleolus in eukaryotic cells.

Cyt/o

A prefix or combining form used in medical terminology to denote cells, often used to refer to cell types or cell study.