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    Managerial Economics and Business Strategy Study Set 1
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    Exam 5: The Production Process and Costs
  5. Question
    Suppose the Production Function Is Given by Q = 4K
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Suppose the Production Function Is Given by Q = 4K

Question 182

Question 182

Multiple Choice

Suppose the production function is given by Q = 4K + 6L.What is the average product of capital when 10 units of capital and 5 units of labor are employed?


A) 14
B) 10
C) 7
D) 5

Correct Answer:

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