A firm has the production function y x112 x2 in the short
A firm has the production function y = x1^1/2 * x2. In the short run it must use exactly 15 units of factor 2. The price of factor 1 is $75 per unit and the price of factor 2 is $2 per unit.
a) Derive the firm’s short-run marginal cost function.
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