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    Exam 7: Perfect Competition
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    If Labor Produces Output According to Q = 8L<sup>1/2</sup>,labor Costs
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If Labor Produces Output According to Q = 8L1/2,labor Costs

Question 16

Question 16

Multiple Choice

If labor produces output according to Q = 8L1/2,labor costs $10,and output sells for $100,then the optimal level of L is:


A) 8.
B) 16.
C) 1,600.
D) 2.
E) 10.

Correct Answer:

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