If the production function is Q = K.5L.5 and capital is fixed at 1 unit, then the average product of labor when L = 25 is
A) 2/5.
B) 1/5.
C) 10.
D) none of the statements associated with this question are correct.
Correct Answer:
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Q7: For the cost function C(Q)= 100 +
Q8: Suppose the production function is given by
Q9: Suppose the production function is given by
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Q15: For the cost function C(Q)= 100 +
Q15: For the cost function C(Q) = 100
Q17: The production function Q = L.5K.5 is
Q18: Which of the following statements is incorrect?
A)
Q19: Suppose the production function is given by
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