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Suppose that production for good X is characterized by the following production function, Q = 0.5 0.5, where K is the fixed input in the

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Suppose that production for good X is characterized by the following production function, Q = 0.5 0.5, where K is the fixed input in the short ru rate of capital, r, is $15 and the per-unit wage, w, is $25, then the average fixed cost of using 9 units of capital and 81 units of labor is: Multiple Choice o o o o ) There is insufficient information to determine the average foxed costs

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