When a firm uses K units of capital and L units of labor, it can produce Q

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When a firm uses K units of capital and L units of labor, it can produce Q units of output with the production function Q = K√L. Each unit of capital costs 20, and each unit of labor costs 25. The level of K is fixed at 5 units.
a) Find the equation of the firm's short-run total cost curve.
b) On a graph, draw the firm's short-run average cost.
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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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