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Business, 18.03.2021 01:50 markrandsdenn

Suppose that production for good X is characterized by the following production function, Q = K0.5L0.5, where K is the fixed input in the short run. If the per-unit rental rate of capital, r, is $15 and the per-unit wage, w, is $5, then the average fixed cost of using 16 units of capital and 25 units of labor is:

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Suppose that production for good X is characterized by the following production function, Q = K0.5L0...

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