Question: Suppose a firm has a production function given by Q = L^1/2 K^1/2.Therefore, The firm can purchase labor, L at a price w = 36,

Suppose a firm has a production function given by Q = L^1/2 K^1/2.Therefore,

The firm can purchase labor, L at a price w = 36, and capital, K at a price of r = 9.

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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