Suppose the Short-Run Production Function Is Q = L⁰

question 4

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)5¢
• C)25¢
• D)It cannot be determined without more information.

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Definitions:

Pressure Increases

The rise in the force exerted on an object or substance per unit area.

Coriolis Effect

The tendency of particles in motion on Earth’s surface to have an apparent deflection related to the rotation of Earth about its axis.

Apparent Deflection

The perceived change in direction of a moving object, caused by the rotation of the Earth, such as seen in the Coriolis effect.

Ice Crystals

The solid form of water characterized by its crystalline structure, commonly seen in snowflakes, frost, and ice formations in high altitudes or polar regions.