A firm produces q with inputs labor L and materials M. The production function is q=50(ML)0.5+M+L This production function is a. Short run b. Long run c. Mixed d. Cannot tell O a Ob Oc Od
A firm produces q with inputs labor L and materials M. The production function is q=50(ML)0.5+M+L This production function is a. Short run b. Long run c. Mixed d. Cannot tell O a Ob Oc Od
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
Problem 21PAE
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