Question: 21 Suppose a firm's short-run production function is given by Q = F(L) = 4L. If the wage rate is $12 and the firm has

21 Suppose a firm's short-run production function is given by Q

21 Suppose a firm's short-run production function is given by Q = F(L) = 4L. If the wage rate is $12 and the firm has sunk costs of $300, then the firm's cost function is A) C(Q) = $12L B) C(L) = $300 + $3L C) C(Q) = $300 + $3Q D) C(Q) = $300 + $12

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