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      Question

      The short-run production function of a firm is Q 

      =200+  0.2L2  - 0.0004L3   If wage rate equals Rs. 140 and the number of labours (L) is 100, then the Marginal Cost and the Average Variable Cost, respectively, are
      A 5 and 7.78 Correct Answer Incorrect Answer
      B 6 and 7.78 Correct Answer Incorrect Answer
      C 5 and 6.68 Correct Answer Incorrect Answer
      D 6 and 6.68 Correct Answer Incorrect Answer

      Solution

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