Suppose the Production Function Is Given by Q = 2K

question 37

Multiple Choice

Suppose the production function is given by Q = 2K + 5L.What is the marginal product of labor when 15 units of capital and 10 units of labor are employed?

• A) 2
• B) 5
• C) 25
• D) 50

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Definitions:

Cumulative Voting

A voting system that allows shareholders to concentrate their vote on one candidate rather than distributing their votes among multiple candidates.

Shareholder Proposal

A formal recommendation or requirement that is submitted to the shareholders for a vote at a company's annual meeting.

Negligent Conduct

Behavior that falls below the standards of care established by law for the protection of others against unreasonable risk of harm.

Duty of Care

A legal obligation requiring individuals to exercise a reasonable standard of care while performing acts that could foreseeably harm others.