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If a Price-Taking Firm's Production Function Is Given By q=lq = \sqrt { l }

Question 13

Multiple Choice

If a price-taking firm's production function is given by q=lq = \sqrt { l } ,its supply function is given by


A) q = 2pw.
B) q = p/2w.
C) q = 2p/w.
D) q = 2w/p.

Correct Answer:

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