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What is the firm total cost function

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Reference no: EM132414939

A firm has the following production function:

q = (L^1/4)(K^3/4)

a) What is the firm's total cost function?

b) What is the firm's short run total cost function when capital is fixed at K = 16?

c) What are the answers to a) and b) when w = $10 and r = $15?

Reference no: EM132414939

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