Question: uppose a firm has a production function given by Q = L1/2K1/2. Therefore, MPL=K1/2/2L1/2 and MPK= L1/2/2K1/2 The firm can purchase labor, L at a

uppose a firm has a production function given by Q = L1/2K1/2. Therefore,

MPL=K1/2/2L1/2 and MPK= L1/2/2K1/2

The firm can purchase labor, L at a price w = 9, and capital, K at a price of r = 16.

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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