{"id":787,"date":"2017-10-29T19:04:58","date_gmt":"2017-10-29T13:04:58","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/the-production-function-for-a-competitive-firm-profits-are\/"},"modified":"2017-10-29T19:04:58","modified_gmt":"2017-10-29T13:04:58","slug":"the-production-function-for-a-competitive-firm-profits-are","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/the-production-function-for-a-competitive-firm-profits-are\/","title":{"rendered":"The production function for a competitive firm&#8230;.profits are"},"content":{"rendered":"<p>The production function for a competitive firm is Q = K.5L.5. The firm sells its output at a price of $10, and can hire labor at a wage of $5. Capital is fixed at one unit. The maximum profits are<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[60],"subject":[5],"class_list":["post-787","mcq","type-mcq","status-publish","hentry","topic-production-process-and-costs","subject-managerial-economics"],"mcq_note":"The production function for a competitive firm is Q = K.5L.5. The firm sells its output at a price of $10, and can hire labor at a wage of $5. Capital is fixed at one unit. The maximum profits are\u00a05.","mcq_options":[{"right":"yes","answer":"5"},{"right":"no","answer":"10"},{"right":"no","answer":"15"},{"right":"no","answer":"None of the statements associated with this question are correct"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":60,"title":"The Production Process and Costs","slug":"production-process-and-costs"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=787"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=787"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=787"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}