Suppose a Production Function Is Q = K^1/2L^1/3 and in the Short

question 27

Multiple Choice

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 marginal cost is

• A) 1000 + q³
• C) q³
• D) 2q³

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Definitions:

Mitochondria

Organelles within cells that generate most of the cell's supply of adenosine triphosphate (ATP), used as a source of chemical energy, and involved in other processes such as signaling and cellular differentiation.

Sedentary

Describes a lifestyle with little to no physical activity, often associated with negative health outcomes.

Hospice Patient

An individual receiving hospice care, a type of care designed to provide comfort and palliative care rather than curative treatment, typically in the final phase of a terminal illness.

Acetylcholine

A neurotransmitter and neuromodulator, involved in muscle stimulation, memory formation, and learning.