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Home / Questions / A firm has a production function defined as y = 40L^(1/10)K^(7/10). The firm faces costs of $10 wage

A firm has a production function defined as y = 40L^(1/10)K^(7/10). The firm faces costs of $10 wage

A firm has a production function defined as y = 40L^(1/10)K^(7/10). The firm faces costs of $10 wages, and $100 rental rate of capital. Find the cost function, and average total cost, average variable cost, and marginal cost functions.. A firm has a production function defined as y = 8L^(1/4)K^(3/4). The firm faces costs of $20 wage, $60 rental rate of capital, $2 per unit produced, and a $42 fixed cost. Find the cost function, and average total cost, average variable cost, and marginal cost functions.

 

Apr 27 2020 View more View Less

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