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A Firm Has a Production Function of , the Rental

Question 6

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 demand for labor is L = ____. A) 80 B) Q/80 C) Q D) 80Q , 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 demand for labor is L = ____. A) 80 B) Q/80 C) Q D) 80Q
Is fixed at 80 units. The short-run demand for labor is L = ____.


A) 80
B) Q/80
C) Q
D) 80Q

Correct Answer:

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