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2. Assume a firm has production function given by F(K, L) = KC1/L'/2. In the short run, assume capital is fixed at K = 100
2. Assume a firm has production function given by F(K, L) = KC1/L'/2. In the short run, assume capital is fixed at K = 100 (a) What is the firm's cost function? (b) What is the profit maximizing quantity when w = 10, v = 5, and the firm operates in a competitive market with price p = 100? (c) Would this firm want to stay in the market in the long run
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