A firm has a production function of , the rental rate of capital is $50, and the wage rate is $15. In the short run,
Is fixed at 80 units. The short-run marginal cost function is MC = ____.
A) 400 + (3Q/16)
B) 3/16
C) 3Q/16
D) 400

Name: A firm has a production function of , the rental rate of capital is $50, and the wage rate is $15. In the short run, Is fixed at 80 units. The short-run marginal cost function is MC = ____. A) 400 + (3Q/16) B) 3/16 C) 3Q/16 D) 400
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Question

A firm has a production function of  , the rental rate of capital is $50, and the wage rate is $15. In the short run, 
Is fixed at 80 units. The short-run marginal cost function is MC = ____.
A) 400 + (3Q/16) 
B) 3/16 
C) 3Q/16 
D) 400

Quizplus · Accepted Answer

The Answer is B

A Firm Has a Production Function of , the Rental