A rm faces the production function g = 41L2K3. Capital is xed in the short-run at K = 1. Each unit of labor costs a:
A rm faces the production function g = 41L2K3. Capital is xed in the short-run at K = 1. Each unit of labor costs a: and each unit of capital costs r. 1. Find the short-run total cost function. 2. Find the average variable cost function. 3. Find the marginal cost function
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