Suppose a production function is q = K^1/2L^1/3 and in the short run capital (K)is fixed at 100.If the wage is $10 and the rental rate on capital is $20,the short run average cost is A) SAC = B) SC = + 10q² C) SC = 2000/q D) SC = q²

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The Answer of Suppose a production function is q = K^1/2L^1/3 and in the short run capital (K)is fixed at 100.If the wage is $10 and the rental rate on capital is $20,the short run average cost is A) SAC = B) SC = + 10q² C) SC = 2000/q D) SC = q²

Suppose a Production Function Is Q = K1/2L1/3 and in the Short

Suppose a Production Function Is Q = K^1/2L^1/3 and in the Short