Question: A production function for a good Q uses inputs of labor (L) and capital (K) and takes the form Q = VLK. The wage is


A production function for a good Q uses inputs of labor (L) and capital (K) and takes the form Q = VLK. The wage is equal to $10 and the rental rate of capital is equal to $90. The firm has to produce a target Qo. What is the equation for the firm's long-run total cost curve? LRTC=60
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