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

Question 27

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 marginal cost is


A) 1000 + q3
B) 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 marginal cost is A) 1000 + q<sup>3</sup> B) C) q<sup>3</sup> D) 2q<sup>3</sup>
C) q3
D) 2q3

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