Question: Suppose for a particular production function, the cost-minimizing level of labor is L=2Q and the cost-minimizing level of capital is K=5Q. If w=5 and r=2,

Suppose for a particular production function, the cost-minimizing level of labor is L=2Q and the cost-minimizing level of capital is K=5Q. If w=5 and r=2, the long-run total cost curve is

A) TC=7Q

B) TC=7

C) TC=20Q

D) TC=20

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