Question: Question 1/ 3 pts A production function for a good Q uses inputs of labor (L) and capital (K) and takes the form Q =

Question 1/ 3 pts A production function for a good Q uses inputs of labor (L) and capital (K) and takes the form Q = v LK. 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? O LRTC=60 O LRTC=30 O LRTC=60Qo O LRTC=30Qo O LRTC=-20 O LRTC=20 Question 18 3 pts 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. Assume that K is fixed at K

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