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Suppose a firm's production function is given by F(L,K) = L^0.25*K^0.75. Assume K 0 = 2 in the short run and the wage rate per

Suppose a firm's production function is given by F(L,K) = L^0.25*K^0.75. Assume K₀ = 2 in the short run and the wage rate per unit of labor is w = 8. What is MC(2)?

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