Question: Suppose that a firm's production function is given by Q = K L - 1 2 . If capital is fixed at 1 unit in

Suppose that a firm's production function is given by Q=KL-12. If capital is fixed at 1 unit in the short run, how much la profits if the wage rate is $1? Assume that the price of product the firm sells is $10.
Multiple Choice
Labor =20
Labor =10
Labor =25
Labor =30.
Suppose that a firm's production function is

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