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Homework answers / question archive / Suppose a production function is q=K1/2L1/3q=K1/2L1/3 and in the short run capital (KK) is fixed at 100

Suppose a production function is q=K1/2L1/3q=K1/2L1/3 and in the short run capital (KK) is fixed at 100

Accounting

Suppose a production function is q=K1/2L1/3q=K1/2L1/3 and in the short run capital (KK) is fixed at 100. If the wage is $10 and the rental rate on capital is $20, the short-run average cost is _____.

a. SAC = 2000q+q21002000q+q2100

b. SC = 200q+10q2200q+10q2

c. SC = 2000q2000q

d. SC = q2

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