Question: Suppose a firm's production function is given by F(L, K) = LK. Assume Ko = 2 in the short run and the wage rate

Suppose a firm's production function is given by F(L, K) = LK.

Suppose a firm's production function is given by F(L, K) = LK. Assume Ko = 2 in the short run and the wage rate per unit of labor is w= 8. What is MC(2)?

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