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

question 15

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 average cost is

• A) \(\frac { 2,000 } { q } + \frac { q ^ { 2 } } { 100 }\)
• B) \(\frac { 200 } { q } + 10 q ^ { 2 }\)
• C) \(\frac { 2,000 } { q }\)
• D) \(q ^ { 2 }\)

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