Question: Suppose a firm has a production function given by q = MIN(L, 2K). The firm can purchase labor, L at a price w = 20,

Suppose a firm has a production function given by q = MIN(L, 2K).

The firm can purchase labor, L at a price w = 20, and capital, K at a price of r = 6.

What is the firm's total cost function?

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