Solution-What is the average cost of producing 64 units

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Suppose a firm has the following production function:Q(L, K)=2L+8K

Recall the isocost line as follows:C = wL + rK

If w=2 and r=5

What is the average cost of producing 64 units? (write in decimals)

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What is the average cost of producing 64 units : What is the average cost of producing 64 units? (write in decimals)

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