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Suppose Bimal's Company has provided you with the Production Function: Q = 10L1/2K The company pays $6 as the wage rate to the labourers and

Suppose Bimal's Company has provided you with the Production Function:

Q = 10L1/2K

The company pays $6 as the wage rate to the labourers and $30 as the rental rate upon machine hire. The company hires 20 machines every year. Using the given information:

Make L the subject of the formula.
Find the short-run cost equation.

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