New Enroll in RBI Grade B New Batch - Starts on May 21

    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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