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A Firm Has a Production Function of , the Rental

Question 69

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 short-run production function is Q = ____. A)  10L<sup>0.5</sup> B)  L<sup>0.5</sup> C)  5L<sup>0.5</sup> D)  5L , 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 short-run production function is Q = ____. A)  10L<sup>0.5</sup> B)  L<sup>0.5</sup> C)  5L<sup>0.5</sup> D)  5L
Is fixed at 100 units. The short-run production function is Q = ____.


A) 10L0.5
B) L0.5
C) 5L0.5
D) 5L

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