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


A production function for a good Q uses inputs of labor (L) and capital (K) and takes the form Q = LK. The wage is equal to $20 and the rental rate of capital is equal to $80. The firm has to produce a target go. What is the equation for the firm's long-run total cost curve? O LRTC=80 O LRTC=40 O LRTC=80go O LRTC=40go O LRTC= 10 80 O LRTC=4 40 O LRTC=80 go O LRTC=40 go
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