Question: Question 2. A firm's production function is given by q = 4LiKi, where L denotes units of labour and K denotes units of capital. Each

Question 2. A firm's production function is given by q = 4LiKi, where L denotes units of labour and K denotes units of capital. Each unit of L requires paying a wage w = f432 and each unit of K requires paying a rental rate r = f100. In the short-run, capital is fixed at K = 81. Derive the short-run cost functions (MC, AC, AVC, AFC) and illustrate these on a diagram. (8 marks)

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1. Too reflect on self-management

Food supply

What is to be achieved for the individual is based on the companys needs.