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 production function is A)q = 10L^1/3 B)q = 100L^1/3 C) $q = \frac { 1 } { 10 } L ^ { 1 / 3 }$ D)q = 100

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In the short run, capital (K) is fixed at 100. Substituting K = 100 into the production function q = K^1/2 * L^1/3 gives q = (100)^1/2 * L^1/3 = 10L^1/3.

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