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Production function is Q=x[K + 1/2 L] ; x is the productivity factor. r=10 and w=5 and s=8 Market demand is Q = 28-2P+s. Derive

Production function is Q=x[K + 1/2 L] ; x is the productivity factor. r=10 and w=5 and s=8

Market demand is Q = 28-2P+s.

Derive the cost function for any value of x.

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