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A company has the following production function: Q = 10K 1/2L 1/2. The price of K and L are r=$40 and w=$10, respectively. a. Assuming

A company has the following production function: Q = 10K 1/2L 1/2. The price of K and L are r=$40 and w=$10, respectively. a. Assuming K is fixed at K0, obtain the short-run cost function for this firm. b. Obtain the long-run cost function for this firm. c. Does the firm's variable cost depend on its choice of fixed input? Explain why or why not?

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