Scenario 7.3:
Use the production function: Q = 4L 1/2 K 1/2 .
-Refer to Scenario 7.3. When Q = 200, what is the marginal cost?
A) 0
B) 5
C) 10
D) 15
E) 25

Question

Quizplus · Accepted Answer

The production function provided does not directly relate to the calculation of marginal cost without additional information such as cost of inputs or the relationship between output and input prices. However, if we were to assume a scenario where the cost of producing an additional unit (marginal cost) is constant and given directly as an answer choice, without the need to calculate from the production function, we would need more specific information to accurately calculate the marginal cost from the provided function. Since the question does not provide enough details to perform a calculation, any selection of the correct answer would be arbitrary without further context. Thus, the answer provided here is based on the assumption that there's a direct way to choose an answer without performing a calculation based on the given production function.

Scenario 7.3: Use the Production Function: Q = 4L1/2K1/2

Scenario 7.3: Use the Production Function: Q = 4L^1/2K^1/2