Question: Suppose a firm has a production function given by Q = L1/2K1/2. Therefore, R-1/2 MP, = and MPK = 21 1/2 2K 1/2 The firm

Suppose a firm has a production function given by Q = L1/2K1/2. Therefore, R-1/2 MP, = and MPK = 21 1/2 2K 1/2 The firm can purchase labor, L at a price w = 9, and capital, K at a price of r = 16. a) What is the firm's Total Cost function, TC(Q)? b) What is the firm's marginal cost of production

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