The Production Function Is Given by F(L)=6L^2/3

question 9

Multiple Choice

The production function is given by F(L) =6L^2/3.Suppose that the cost per unit of labor is $16 and the price of output is 16, how many units of labor will the firm hire?

• A)64
• B)192
• C)32
• D)128
• E)None of the above.

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Definitions:

Affective

Related to emotions or feelings, particularly as they influence behavior or psychological states.

Emotional Experience

The conscious and subjective experience of emotions, which can involve a complex combination of physical sensations and psychological responses.

Anxious and Nervous

Emotional states characterized by feelings of tension, worried thoughts, and physical changes like increased blood pressure, often in anticipation of future danger or problems.

Behavioural Component

The aspect of attitudes that involves how one intends or is disposed to act towards someone or something.