15. Suppose q = f(L,K) =2L1/2 + 2K1/2 and the prices or labor and capital are w=$1, r=$1. What is the marginal cost in the long-run of the firm? a. MC(q)= 2q2 /3 b. MC(q)= q / 4 c. MC(q)= q8 / 2 d. MC(q)= 4q3 / 3 e. MC(q)= 8q3 / 3
15. Suppose q = f(L,K) =2L1/2 + 2K1/2 and the prices or labor and capital are w=$1, r=$1. What is the marginal cost in the long-run of the firm? a. MC(q)= 2q2 /3 b. MC(q)= q / 4 c. MC(q)= q8 / 2 d. MC(q)= 4q3 / 3 e. MC(q)= 8q3 / 3
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 9SQ
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15. Suppose q = f(L,K) =2L1/2 + 2K1/2 and the prices or labor and capital are w=$1, r=$1. What is the marginal cost in the long-run of the firm?
a. |
MC(q)= 2q2 /3 |
b. |
MC(q)= q / 4 |
c. |
MC(q)= q8 / 2 |
d. |
MC(q)= 4q3 / 3 |
e. |
MC(q)= 8q3 / 3 |
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