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1 Daenarys produces homemade lemonades. Her short-run production function is Q L2, where Q represents the amount of lemonades produced (in thousands) and I
1 Daenarys produces homemade lemonades. Her short-run production function is Q L2, where Q represents the amount of lemonades produced (in thousands) and I represents the amount of labour Daenarys hires (in hours). The workers are paid $18 per hour. Daenarys has signed a 5-year lease on the store where her labourers work, which cost her $3,900 per month. What is the short-run monthly cost function for Daenarys? C(Q) = What would be the short-run monthly cost for Daenarys if the labourers produced 3 thousand lemonades? Number
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