A Firm Has the Production Function Q = X^1/2₁X₂

question 28

Multiple Choice

A firm has the production function Q = X^1/2₁X₂.In the short run it must use exactly 15 units of factor 2.The price of factor 1 is $75 per unit and the price of factor 2 is $2 per unit.The firm's short-run marginal cost function is

• A)MC(Q)= 10Q/15.
• B)MC(Q)= 30Q^1/2.
• C)MC(Q)= 30 + 75Q2.
• D)MC(Q)= 2Q.
• E)MC(Q)= 15Q^1/2.

Recognize the maintenance schedules for fifth wheels based on OEM recommendations.

Comprehend the components and their functions in the coupling process of a tractor and trailer.

Describe the impact of fifth wheel positioning on tractor and trailer performance, including ride comfort and legal weight distribution.

Explain the proper methods of attaching fifth-wheel base plates to truck frames.

---

Definitions:

Product Cost

The total costs incurred to create a product, including direct materials, direct labor, and manufacturing overhead expenses.

Product Cost

The total cost associated with making or acquiring a product, including direct materials, direct labor, and manufacturing overhead.

Period Cost

Expenses that are incurred in a specific accounting period but not directly tied to the production process, such as administrative and selling expenses.

Direct Cost

Expenses that can be directly traced to the production of specific goods or services, such as raw materials and labor.