Solved

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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q32: According to the table below,at what

Q33: If the marginal product per dollar spent

Q34: When there are economies of scope between

Q35: To open a new business,a manager must

Q36: As long as marginal product is increasing,marginal

Q38: Suppose the production function is Q =

Q39: You are the manager of Telecall Inc.,a

Q40: The isoquants are normally drawn with a

Q41: In order for isoquants to have a

Q42: As the usage of an input increases,marginal