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Consider a firm with technology given by the production function 1/2 1/2 x y=x1// The firm can by factors from competitive markets at prices

Consider a firm with technology given by the production function 1/2 1/2 x y=x1// The firm can by factors from competitive markets at prices W = 64 and W = 3. The firm is targeting an output level of y* = 32. Calculate the firm's average total cost. Round your answer to two decimal places.

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