Question: 1. (10p) Consider the following production function 10Q = 1600L - 4,800, where L is hired lab hours. If the wage rate that laborers receive

1. (10p) Consider the following production function 10Q = 1600L -

1. (10p) Consider the following production function 10Q = 1600L - 4,800, where L is hired lab hours. If the wage rate that laborers receive is $10/hour, what is the cost function

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