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QUESTION
Consider a firm whose production function is q = 0.4k0.5 l0.5. its level of capital is fixed at 100 units, the price of labor is pl = $4 per unit, and the price of capital is pk = $2 per unit. given t
Consider a firm whose production function is q = 0.4k0.5 l0.5. its level of capital is fixed at 100 units, the price of labor is pl = $4 per unit, and the price of capital is pk = $2 per unit. given this information, the firms total cost function is:
