Find the fixed cost of using units of capital of labor, Microeconomics

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Find the fixed cost of using units of capital of labor

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 $25 and the per-unit wage, w, is $15, then the fixed cost of using 81 units of capital and 9 units of labor is?

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Microeconomics: Find the fixed cost of using units of capital of labor

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Microeconomics: Find the fixed cost of using units of capital of labor

Reference No:- TGS050950

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Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Find the fixed cost of using units of capital of labor

Reference No:- TGS050950

Recent Questions Asked Microeconomics

Q : Affect the statement of cash flows

Q : What would the amount deductible for year 1

Q : What is the difference between a bar graph and a pie graph

Q : Cost of the tools on a straight-line basis

Q : Find the fixed cost of using units of capital of labor

Q : Investigate a social issue final

Q : Average cash gain or during a typical month

Q : Pension benefits as a form of compensation

Q : Roe and a low market-to-book ratio

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