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
B 6 and 7.78
C 5 and 6.68
D 6 and 6.68
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