What is the short-run production function


Problem

A firm has a production function of Q = 0.25KL0.5 , the rental rate of capital is $100, and the wage rate is $25. In the short run, K‾ is fixed at 100 units.

a. What is the short-run production function?

b. What is the short-run demand for labor?

c. What are the firm's short-run total cost and short-run marginal cost?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is the short-run production function
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