Suppose a firms production function is q 2k05 l05 its, Business Economics

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Suppose a firms production function is q 2k05 l05 its

Suppose a firms production function is Q = 2K0.5 L0.5. Its level of capital is fixed at 9 units, the price of labor is PL = $12 per unit, and the price of capital is PK = $10 per unit. The firm’s average fixed cost function, average variable cost function, and average total cost function are, respectively:

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Business Economics: Suppose a firms production function is q 2k05 l05 its

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