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When the Production Function Is Given by Q = L TC=wQ2, L=Q2\mathrm { TC } = w \mathrm { Q } ^ { 2 } , \mathrm {~L} = \mathrm { Q } ^ { 2 }

Question 28

Multiple Choice

When the production function is given by Q = L, which of the following statements is true?


A) TC=wQ2, L=Q2\mathrm { TC } = w \mathrm { Q } ^ { 2 } , \mathrm {~L} = \mathrm { Q } ^ { 2 } and AC=w\mathrm { AC } = \mathrm { w }
B) TC=wQ,L=Q\mathrm { TC } = \mathrm { w } - \mathrm { Q } , \mathrm { L } = \mathrm { Q } and AC=w\mathrm { AC } = \mathrm { w }
C) TC=wQ, L=Q\mathrm { TC } = w Q , \mathrm {~L} = \mathrm { Q } and AC=w\mathrm { AC } = \mathrm { w }
D) TC=wQ,L=QT C = w Q , L = Q and AC=LA C = L

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