What is the marginal cost of production for the firm

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A firm produces Q with the production function Q=10k^2+10L^0.5, and K is fixed at 4 units. a. If the price of K is $5 and the price of L is $1, find the total cost of producing Q units of output? b. Using the same input prices, what is the marginal cost of production for the firm? Any reply is greatly appreciated

Reference no: EM131425943

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