Question 13 q=f(n, k) is a short run production function of a representative medical firm. k...

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Question 13 q=f(n, k) is a short run production function of a representative medical firm. k stands for a fixed amount of cap

Answer 1

Answer #1

Answer is option b

None of the choices is correct as none of the option is able to answer WHY..

In short run we can change only one factor that is labour but capital is fixed as it can not be changed in short run time period.

Answer 2

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