Question: The production function for a competitive Firm is Q = K ^ { 0 . 5 } L ^ { 0 . 5 } .

The production function for a competitive Firm is Q = K^{0.5}L^{0.5}. The Firm sells its output at a price of $10 and currently hires 25 units of labor at a wage of $5. Capital is fixed at 25 units. If rent = $1, Average Fixed Costs are

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