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Suppose the short-run production function is q = 10L. If the wage rate is $15 per unit of labor, then AVC equals _____. Group of
Suppose the short-run production function is q = 10L. If the wage rate is $15 per unit of labor, then AVC equals _____.
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15/q
1.5
q
q/10
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Inflation, Unemployment And Capital Malformations
Authors: Bernard Schmitt, Xavier Bradley, Alvaro Cencini
1st Edition
0429767064, 9780429767067
