Multiple Choice
Economists use the notation Q = f(L,K) to describe
A) the technological relationship between the inputs that a firm uses and the outputs that it produces.
B) the flow of labour (L) and capital (K) services that are available when output is (Q) .
C) the arithmetic relationship between the outputs that a firm uses and the inputs that it produces.
D) the financial relationship between the inputs that a firm uses and the outputs that it produces.
E) the level of output (Q) required to fully employ labour (L) and capital (K) .
Correct Answer:

Verified
Correct Answer:
Verified
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