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 production function is Q = ____.
A) 80L
B) 80KL
C) 80
D) L

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 production function is Q = ____.
A) 80L 
B) 80KL 
C) 80 
D) L

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 production function is Q = ____.
A) 80L 
B) 80KL 
C) 80 
D) L

A Firm Has a Production Function of , the Rental