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(From a previous nal exam] The local donut shop has the following production function of donuts, Q = K 3/4L1/2. The rm currently has 1
(From a previous nal exam] The local donut shop has the following production function of donuts, Q = K 3/4L1/2. The rm currently has 1 oven (I? = 1) which costs a total of $2000. In order to produce any output, the rm must hire workers, which cost $5 each. What is the donut shop's short-run total cost equation as a function of
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