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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suppose you have a budget of 52 to spend of pretzels and beer your utility function is u 15p 18b ndash 05p2 ndash
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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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draw the pre-intervention optimized supply and demand equilibrium explain and show what effect it has on the polis1
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