Suppose the Short-Run Production Function Is Q = L⁰

question 10

Multiple Choice

Suppose the short-run production function is q = L^0.5.If the marginal cost of producing the tenth unit is $5,what is the wage per unit of labor?

• A) $1
• B) $0.5
• C) $0.25
• D) It cannot be determined without more information.

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