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A firm's production function follows: Q=2L+K Where we are in the short run, where capital is fixed at 4 While cost of capital is r=3
A firm's production function follows: Q=2L+K Where we are in the short run, where capital is fixed at 4 While cost of capital is r=3 and cost of labor is w=3. For each of the following choices of output, select the cost to produce it. Note that there are extra options that are not the answer to any item
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