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A production function is given by F(K,L) =2L(K)^1/2 (note output q= F(K,L)). In the short run K=25, and r =5, and wages are given by w. Derive the average cost, the marginal costs, and the total cost of this production function. Does it possess the property of diminishing marginal productivity of labor?
explain cost of various sources of capital including debt preferred stock common stock and retained earnings. also
Under patent protection, a company has a monopoly in the production of a high tech component. Market demand is estimated to be: P = 100 - 0.2Q.
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A company purchases a piece of manufacturing equipment for rental purposes.
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