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A rm has a production function de ned as q = KL+L2. The rm faces costs of $10 wage and $1 rental rate of capital
A rm has a production function de ned as q = KL+L2. The rm faces costs of $10 wage and $1 rental rate of capital with $100 in xed costs. Find the cost function, and average total cost, average variable cost, and marginal cost functions
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