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A firm has the production function Q=min{2L,K}, find the cost function in the long run if wage is $2 and capital rental is $3 A

  1. A firm has the production function Q=min{2L,K}, find the cost function in the long run if wage is $2 and capital rental is $3
  2. A firm has the production function Q=L+2K, and that wage is $2 and capital rental is $3. and that capital is fixed at 10.

a. find the cost function in the short run

b. Find the average cost function in the short run

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