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

Recognize the strategic role of advertising in building brand awareness.

Differentiate between brand types: national, retailer, and private-label brands.

Understand the tools and strategies used by companies to maintain customer relationships and loyalty.

Comprehend factors influencing consumer brand perception and purchase decisions.