Question
A firm uses labor L to produce output Q, using a production function Q = 2L. The cost of L is $10 per unit. If
A firm uses labor L to produce output Q, using a production function Q = 2L. The cost of L is $10 per unit. If the firm needs to produce exactly 200 units of Q, what will this cost?
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
