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Suppose the Short-Run Production Function Is Q =

Question 23

Multiple Choice

Suppose the short-run production function is q = Suppose the short-run production function is q =   .If the marginal cost of producing the tenth unit is $5,what is the wage per unit of labor? A)  $1 B)  $0.5 C)  $0.25 D)  It cannot be determined without more information. .If the marginal cost of producing the tenth unit is $5,what is the wage per unit of labor?


A) $1
B) $0.5
C) $0.25
D) It cannot be determined without more information.

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