Question: Consider a production function of two inputs, labor and capital, given by Q =KL. The marginal products associated with this production function are MPL=K, MPK=L.

Consider a production function of two inputs, labor and capital, given by Q =KL. The marginal products associated with this production function are MPL=K, MPK=L. Let w = 2 and r = 1. Find the equation of the firm's long-run total cost curve

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