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Suppose a Production Function Is Q = K1/2L1/3 and in the Short

Question 13

Multiple Choice

Suppose a production function is q = K1/2L1/3 and in the short run capital (K) is fixed at 100.If the wage is $10 and the rental rate on capital is $20,the short run production function is


A) q = 10L1/3
B) q = 100L1/3
C) q = Suppose a production function is q = K<sup>1/2</sup>L<sup>1/3</sup> and in the short run capital (K) is fixed at 100.If the wage is $10 and the rental rate on capital is $20,the short run production function is A) q = 10L<sup>1/3</sup> B) q = 100L<sup>1/3</sup> C) q = L<sup>1/3</sup> D) q = 100 L1/3
D) q = 100

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