Suppose the Production Function Can Be Expressed As $Q = 2 \sqrt { K L }$

question 27

Multiple Choice

Suppose the production function can be expressed as $Q = 2 \sqrt { K L }$ . Which of the following combinations of capital and labor $( K , L )$ lie on the same isoquant?

• A) (5, 6) and (4, 5)
• B) (3, 2) and (7, 1)
• C) (4, 3) and (2, 6)
• D) (10, 3) and (15, 4)

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Definitions:

Independent Variables

Variables in a study or experiment that are manipulated or categorized to determine their effect on dependent variables.

Variance

A measure of variability based on the squared deviations of the data values about the mean.

Error Term

The difference between observed values and the expected values in a statistical model, representing unpredicted or unexplained variation.

Dependent Variable

The variable that is being predicted or explained. It is denoted by y.