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    Business
  3. Study Set
    Intermediate Microeconomics
  4. Exam
    Exam 7: Costs
  5. Question
    Suppose a Production Function Is Q = K<sup>1/2</sup>L<sup>1/3</sup> and in the Short
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Suppose a Production Function Is Q = K1/2L1/3 and in the Short

Question 2

Question 2

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 marginal cost is


A) 1000 + q3
B) 3q2100\frac { 3 q ^ { 2 } } { 100 }1003q2​
C) q3
D) 2q3

Correct Answer:

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