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Given this productivity function: Q=KL -) Find the marginal cost of production in the short-run -)Whats the average total cost function K=144 r= 8 L=quantity
Given this productivity function: Q=KL
-) Find the marginal cost of production in the short-run
-)Whats the average total cost function
K=144
r= 8
L=quantity of work
w= 2
I found the total cost function and got this: TC = Q/72 + 1152
VC= Q/72
FC= 1152
for the marginal cost I did the derivate of VC/Q and got: Q/36
i dont know if i can find numeric results or how to do it
for the average total cost i tried CT/Q and got a weird fraction which I dont know if its okay haha thanks you so much if someone can help me
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