Suppose the Short-Run Production Function Is Q = 10 ∗

question 1

Multiple Choice

Suppose the short-run production function is q = 10 ∗ L.If the wage rate is $10 per unit of labor,then AFC equals

• A) 0.
• B) 1.
• C) 10/q.
• D) It cannot be determined from the information provided.

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Definitions:

Cheerfulness

A state of being noticeably happy and optimistic.

Contentment

A state of happiness and satisfaction.

Establish Rapport

The process of building a friendly and harmonious relationship based on understanding and trust.

Modifying Feelings

The process of altering or adjusting one's emotions toward a more desired state.