If the short run production function is given by q=(1/10)lnL and the price at which the good is sold is 100 then the demand for labor L=.......... Group of answer choices a. 1/w b. 100/w c. 10/w d. 50/w e, None of the above
If the short run production function is given by q=(1/10)lnL and the price at which the good is sold is 100 then the demand for labor L=.......... Group of answer choices a. 1/w b. 100/w c. 10/w d. 50/w e, None of the above
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 3SQ
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If the short run production function is given by q=(1/10)lnL and the price at which the good is sold is 100 then the demand for labor L=..........
Group of answer choices
a. 1/w
b. 100/w
c. 10/w
d. 50/w
e, None of the above
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