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A firm's production function follows: Q = 4*K + 2*L Where we are in the short run, where capital is fixed at 5 While cost
A firm's production function follows: Q = 4*K + 2*L
Where we are in the short run, where capital is fixed at 5
While cost of capital is r=1 and cost of labor is w=2.
What is the cost for a firm to produce 7 units?
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