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A Firm Has a Production Function of , the Rental

Question 55

Multiple Choice

A firm has a production function of A firm has a production function of , the rental rate of capital is $50, and the wage rate is $15. In the short run, Is fixed at 80 units. The short-run marginal cost function is MC = ____. A) 400 + (3Q/16) B) 3/16 C) 3Q/16 D) 400 , the rental rate of capital is $50, and the wage rate is $15. In the short run, A firm has a production function of , the rental rate of capital is $50, and the wage rate is $15. In the short run, Is fixed at 80 units. The short-run marginal cost function is MC = ____. A) 400 + (3Q/16) B) 3/16 C) 3Q/16 D) 400
Is fixed at 80 units. The short-run marginal cost function is MC = ____.


A) 400 + (3Q/16)
B) 3/16
C) 3Q/16
D) 400

Correct Answer:

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