A Firm Has the Production Function Q = in the Short

question 11

Multiple Choice

A firm has the production function Q = In the short run it must use exactly 15 units of factor 2. The price of factor 1 is $75 per unit and the price of factor 2 is $2 per unit. The firm's short-run marginal cost function is

• A) MC(
• Q) =.
• B) MC(
• Q) = 30.
• C) MC(
• Q) = 30 + 75Q2.
• D) MC(
• Q) = 2Q.
• E) MC(
• Q) = 15.

---

Definitions:

Appropriateness

The degree to which communication actions are suitable for a particular context or environment.

Consistency

The quality of always behaving or performing in a similar way, or producing the same results, thereby allowing for reliability or dependability.

Cognitive Dissonance

A psychological phenomenon where a person experiences discomfort or distress from holding two or more conflicting beliefs, values, or attitudes.

Credibility

The characteristic of being deemed reliable and credible.