=+*9. a. Suppose that a firms production function is q 5 9x1/2 in the short run, where
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=+*9.
a. Suppose that a firm’s production function is q 5 9x1/2 in the short run, where there are fixed costs of $1000, and x is the variable input whose cost is
$4000 per unit. What is the total cost of producing a level of output q? In other words, identify the total cost function C(q).
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Related Book For
Microeconomics
ISBN: 9781292081977
8th Global Edition
Authors: Robert S. Pindyck, Daniel L. Rubinfeld
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