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A Firm Has a Production Function of , the Rental

Question 23

Multiple Choice

A firm has a production function of A firm has a production function of , the rental rate of capital is $15, and the wage rate is $10. In the short run, Is fixed at 100 units. The firm's short-run total cost is TC = ____. A) 1,500 + Q<sup>2</sup>/10 B) 1,500 + Q<sup>2</sup> C) 1,500Q D) 1,500 + Q<sup>0.5</sup> , the rental rate of capital is $15, and the wage rate is $10. In the short run, A firm has a production function of , the rental rate of capital is $15, and the wage rate is $10. In the short run, Is fixed at 100 units. The firm's short-run total cost is TC = ____. A) 1,500 + Q<sup>2</sup>/10 B) 1,500 + Q<sup>2</sup> C) 1,500Q D) 1,500 + Q<sup>0.5</sup>
Is fixed at 100 units. The firm's short-run total cost is TC = ____.


A) 1,500 + Q2/10
B) 1,500 + Q2
C) 1,500Q
D) 1,500 + Q0.5

Correct Answer:

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