Applying the concept of a production function to your learning,assume that the amount of learning you acquire can be summarized by the following equation (and that your motivation to learn and the quality of instruction are both rated on a scale from 1 to 10):
Amount of learning acquired = 0.2(number of books read)+ 0.25(hours spent studying)+ 0.15(quality of instruction)+ 0.4(motivation to learn)
-Refer to Exhibit 17-5.Based on the equation given in this exhibit,if you read 2 books,study for 3 hours,have an instructor whose quality of instruction is ranked as 4,and your motivation to learn is ranked as 7,what is the amount of learning that you will acquire?
A) 2.65
B) 9.65
C) 16
D) 4.55

Question

Quizplus · Accepted Answer

Plug in the given values into the production function equation:

Amount of learning acquired = 0.2(2) + 0.25(3) + 0.15(4) + 0.4(7)
Amount of learning acquired = 0.4 + 0.75 + 0.6 + 2.8
Amount of learning acquired = 4.55

Therefore, the amount of learning acquired is 4.55. The correct answer is option D.

Applying the Concept of a Production Function to Your Learning,assume