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 total cost function is TC = ____.
A) 400 + (3Q/16)
B) 400 + (Q/16)
C) 3Q/16
D) 400

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 total cost function is TC = ____.
A) 400 + (3Q/16) 
B) 400 + (Q/16) 
C) 3Q/16 
D) 400

Quizplus · Accepted Answer

The Answer of 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 total cost function is TC = ____.
A) 400 + (3Q/16) 
B) 400 + (Q/16) 
C) 3Q/16 
D) 400

A Firm Has a Production Function of , the Rental