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A Firm Has a Production Function of , the Rental

Question 83

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 production function is Q = ____. A) 80L B) 80KL C) 80 D) L , 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 production function is Q = ____. A) 80L B) 80KL C) 80 D) L
Is fixed at 80 units. The short-run production function is Q = ____.


A) 80L
B) 80KL
C) 80
D) L

Correct Answer:

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