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

question 16

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 $8.How many units of labor will the firm hire?

• A)16
• B)8
• C)4
• D)24
• E)None of the above.

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Definitions:

Biological Perspective

An approach in psychology focusing on the physical and biological bases of behavior.

Brain Chemistry

The complex interplay of neurotransmitters, hormones, and other chemicals in the brain, affecting mood, behavior, and cognitive function.

Evolutionary Psychology

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Visual-Spatial Task

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