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Suppose a firm has a production function given by Q = L1/2K1/2. Therefore, K-1/2 $1/2 MPL = 271/2 and MPK = 2k-1/2 The firm can

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Suppose a firm has a production function given by Q = L1/2K1/2. Therefore, K-1/2 $1/2 MPL = 271/2 and MPK = 2k-1/2 The firm can purchase labor, L at a price w = 36, and capital, K at a price of r = 9. a) What is the firm's Total Cost function, TC(Q)? b) What is the firm's marginal cost of production

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