Question: A Chinese high technology firm has a production function of q = 10L 0.28 K 0.66 (Zhang et al., 2012). It faces factor prices of

A Chinese high technology firm has a production function of q = 10L^0.28K^0.66 (Zhang et al., 2012). It faces factor prices of w = 10 and r = 20. What are its short-run marginal and average variable cost curves?

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