Consider the following firm with the production function
Consider the following firm with the production function Q=F(L)=2L^1/2. L=labor. Wage w=12. Fixed costs are FC=500(sunk cost). Derive the short run cost function. Graph this function using excel.
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consider the following firm with the production function qfl2l12 llabor wage w12 fixed costs are fc500sunk cost derive
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