Question 23 Suppose a nn's production function is: ii VIE . Assume capital is fixed at 4 units, and the rental rate on capital is
Question 23 Suppose a nn's production function is: ii VIE . Assume capital is fixed at 4 units, and the rental rate on capital is 10 and the wage rate is 3. Which of these represents the rm's total cost equation {expressed as a function of q}? -:122:- Tc = 2:12 + 32 -:iji:- To = 2:]? + 40 -:iZi:- To = 2:10-55 + 40 -:222:- To = 4:? + 40 .3. none of the above
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