When the Production Function Is Given by Q = L $\mathrm { TC } = w \mathrm { Q } ^ { 2 } , \mathrm {~L} = \mathrm { Q } ^ { 2 }$

question 28

Multiple Choice

When the production function is given by Q = L, which of the following statements is true?

• A) \(\mathrm { TC } = w \mathrm { Q } ^ { 2 } , \mathrm {~L} = \mathrm { Q } ^ { 2 }\) and \(\mathrm { AC } = \mathrm { w }\)
• B) \(\mathrm { TC } = \mathrm { w } - \mathrm { Q } , \mathrm { L } = \mathrm { Q }\) and \(\mathrm { AC } = \mathrm { w }\)
• C) \(\mathrm { TC } = w Q , \mathrm {~L} = \mathrm { Q }\) and \(\mathrm { AC } = \mathrm { w }\)
• D) \(T C = w Q , L = Q\) and \(A C = L\)

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Definitions:

Noun Clause

A dependent clause that functions as a noun within a larger sentence, often starting with words like "that," "whom," or "where."

Restrictive

Pertains to a limiting or controlling condition or rule.

Nonrestrictive

Descriptive text that provides additional information but is not essential to the meaning of the sentence.

Carbonic Acid

A weak, unstable acid (H2CO3) formed in solution when carbon dioxide dissolves in water and participates in the carbonate buffer system in blood.