If the Production Function Is Given by and K

question 74

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 these answers is correct.

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Definitions:

Canadian Goose

A large wild goose species with a distinctive black head and neck, white cheeks, and a brown body, native to arctic and temperate regions of North America.

Quotients

The results of dividing one quantity by another.

Ratios

A mathematical expression that compares two or more numbers, showing the relative size of one quantity to another.

Totals

The sum or aggregate amount resulting from the addition of individual elements, numbers, or variables.