A firm has the production function Q = In the short run it must use exactly 15 units of factor 2. The price of factor 1 is $75 per unit and the price of factor 2 is $2 per unit. The firm's short-run marginal cost function is
A) MC(
Q) =.
B) MC(
Q) = 30.
C) MC(
Q) = 30 + 75Q2.
D) MC(
Q) = 2Q.
E) MC(
Q) = 15.

Question

A firm has the production function Q =  In the short run it must use exactly 15 units of factor 2. The price of factor 1 is $75 per unit and the price of factor 2 is $2 per unit. The firm's short-run marginal cost function is
A) MC(
Q) =. 
B) MC(
Q) = 30. 
C) MC(
Q) = 30 + 75Q2. 
D) MC(
Q) = 2Q. 
E) MC(
Q) = 15.

Quizplus · Accepted Answer

The Answer of A firm has the production function Q =  In the short run it must use exactly 15 units of factor 2. The price of factor 1 is $75 per unit and the price of factor 2 is $2 per unit. The firm's short-run marginal cost function is
A) MC(
Q) =. 
B) MC(
Q) = 30. 
C) MC(
Q) = 30 + 75Q2. 
D) MC(
Q) = 2Q. 
E) MC(
Q) = 15.

A Firm Has the Production Function Q = in the Short