If the Production Function Is Given by

question 33

Multiple Choice

If the production function is given by
And
,K = 27,and L = 8,total output equals:

• A)Y = 1.
• B)Y = 18.
• C)Y = 12.
• D)Y = 8.
• E)none of the above

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Definitions:

Postage Due

The fee charged for delivering mail for which sufficient postage has not been prepaid by the sender.

Replenish

The act of refilling or restoring to its original level, often used in reference to inventory or petty cash funds.

Petty Cash Fund

A small amount of cash kept on hand for minor or incidental expenses.

Credit To Cash

An accounting entry that increases the cash balance in a company's books.