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The price of the output of lettuce is $10 per crate (PL = 10) and the price of the input of water is $4 per
The price of the output of lettuce is $10 per crate (PL = 10) and the price of the input of water is $4 per AF (PW = 4). Given the inverse of the production function below, generate the total variable cost (TVC) and marginal cost (MC) functions. Show all of your work.
x = 2 2 (4 y)^0.5
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