Firms in monopolistic competition compete by selling similar, but not identical products

In the Cambridge approach, if k is .5, total output is $50 billion, and the money supply is $100 billion, the price level is

A) 0.5. B) 4.0. C) 3.0. D) 10.0.

For a linear production function, q = f(L,K) = 4L + 2K, what is the short-run production function given that capital is fixed at = 50?

A) q = 4L + 100 B) q = 4L + 50 C) q = 4L D) q = 104