Suppose for a Particular Production Function, the Cost-Minimizing Levels of Labor

question 56

Multiple Choice

Suppose for a particular production function, the cost-minimizing levels of labor and capital are $L = \frac { Q } { 10 } \sqrt { \frac { r } { w } } \quad K = \frac { Q } { 10 } \sqrt { \frac { w } { r } }$ If $r = 5$ and $w = 20$ , what is the equation for long-run total cost?

• A) \(2 Q / 5\)
• B) \(2 Q / 10\)
• C) \(2 Q\)
• D) \(4 Q\)

---

Definitions:

Hydrogen Bond

A hydrogen bond is a weak bond between two molecules resulting from an electrostatic attraction between a proton in one molecule and an electronegative atom in the other.

Ionic Bond

A type of chemical bond that occurs when an atom transfers an electron to another atom, typically forming a bond between a metal and a nonmetal ion.

Hydrogen Bonds

A weak bond between two molecules resulting from an electrostatic attraction between a proton in one molecule and an electronegative atom in the other.

Capillary Action

The ability of a liquid to flow in narrow spaces without the assistance of external forces like gravity.