Suppose the Production Function Is Given by Q = 3K

question 95

Multiple Choice

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

• A) 3
• B) 4
• C) 11
• D) 45

Recognize the effect of business transactions on total assets.

Understand how liabilities affect the accounting equation.

Acknowledge the impact of owner withdrawals and investments on Owner's Equity.

Differentiate between assets that do and do not appear on the balance sheet.