- 1 Marks
Question
The number of units of goods produced when utilizing x units of labor and y units of capital is given by:
How many units of goods will be produced by using 81 units of labor and 256 units of capital?
A. 2,880
B. 2,908
C. 2,960
D. 5,360
E. 8,640
Answer
E
Explanation: To find the number of goods produced
- Tags: Capital, Labor, Production Function
- Level: Level 1
- Topic: Mathematics of Business Finance
- Series: NOV 2014
- Uploader: Dotse