What is the firms cost curve at these factor prices

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Reference no: EM13742228

A competitive firm has the production function q = f(L,K) = sqrtL + 2sqrtK , for which MPL= 1/2sqrtL and MPK = 1/sqrtK .

a. Find the firm's conditional factor demands for L and K at the factor prices w = 4 and r = 2.

b. What is the firm's (total) cost curve at these factor prices?

Reference no: EM13742228

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