Question: A firm has the production function y=x 1 1/2 x 2 . In the short run it must use exactly 15 units of factor 2.

A firm has the production function y=x₁^1/2x₂. In the short run it must use exactly 15 units of factor 2. The price of factor 1 is $75 per unit and the price of factor 2 is $2 per unit. What is the firm's short-run marginal cost function?

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