Suppose that production for good x is characterized by the, Business Economics

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Suppose that production for good x is characterized by the

Suppose that production for good x is characterized by the following production function, q=k0.5Lo.5, where k is the fixed input in the short run. if the per init rental rate of capital, r, is $15 and the per unit wage, w, is $125, then the average fixed cost of using 16 units of capital and 25 units of labor is

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Business Economics: Suppose that production for good x is characterized by the

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