Suppose the Production Function Is Given by Q = 3K

question 159

Multiple Choice

Suppose the production function is given by Q = 3K + 4L.What is the average product of capital when 10 units of capital and 10 units of labor are employed?

• A) 3
• B) 4
• C) 7
• D) 45

---

Definitions:

Destination Pricing

A pricing strategy where the cost of a product or service includes shipping expenses based on the item's final destination.

Uniform Delivered Pricing

A pricing strategy where a seller charges the same price to all customers, including the cost of shipping, irrespective of their geographical location.

Transportations Costs

Expenses associated with the movement of goods or individuals from one location to another, including fuel, labor, and maintenance costs.

Multiple-Zone Pricing

A pricing strategy where a business sets different prices for its products or services in different geographic areas based on varying factors like demand, competition, and costs.