Suppose That Production for Good X Is Characterized by the Following

question 151

Multiple Choice

Suppose that production for good X is characterized by the following production function,Q = K^0.5L^0.5,where K is the fixed input in the short run.If the per-unit rental rate of capital,r,is $25 and the per-unit wage,w,is $15,then the variable cost of using 81 units of capital and 9 units of labor is:

• A) $2,160.
• B) $2,025.
• C) $135.
• D) There is insufficient information to determine the variable costs.

---

Definitions:

Photo Album

A collection of photographs stored in a physical or digital format, often organized thematically or chronologically.

Automatic Timings

Features in presentations and slideshows that advance slides automatically after specified durations.

Digital Signature

An electronic form of a signature that can be used to authenticate the identity of the sender of a message or the signer of a document.

Computer Cryptography

The practice of securing information and communications through the use of codes and cryptographic algorithms on computers.