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The Cost function isE =wL + rK . Given that L = (q - 20)2 , w = 1, r = 0.5, and K =

The Cost function isE =wL + rK . Given that L = (q - 20)2 , w = 1, r = 0.5, and K = 40, determine the value q which will minimize the Cost.

Show derivative of cost function and marginal cost

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