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Suppose a Production Function Is Q = K1/2L1/3 and in the Short

Question 33

Multiple Choice

Suppose a production function is q = K1/2L1/3 and in the short run capital (K) is fixed at 100.If the wage is $10 and the rental rate on capital is $20,the short run production function is


A) q = 10L1/3
B) q = 100L1/3
C) q=110L1/3q = \frac { 1 } { 10 } L ^ { 1 / 3 }
D) q = 100

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