A firm has the production function q 10l05 k05 the price of


A firm has the production function: q= 10L0.5 K0.5 .The price of labour is w= 10 and the price of capital is r = 20.

Derive the short-run marginal and average variable cost curves when K is fixed.

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Business Economics: A firm has the production function q 10l05 k05 the price of
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