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Assume a firm is producing good X is the short-run, using a production function X = K + 2L0.5, where K is fixed at 6
Assume a firm is producing good X is the short-run, using a production function X = K + 2L0.5, where K is fixed at 6 units.The price of K is $5 and the price of L is $1.Find the firm's total cost of producing exactly 10 units of X.
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