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What is the monopolist’s total cost function

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Reference no: EM13331482

1. Suppose a monopolist can purchase Labor at a price w = 27 and can purchase Capital at a price r = 3. The monopolist’s production function is given by Q = L1/2K1/2. The demand facing the monopolist is given by P = 402 – 6Q.

a) What is the Monopolist’s total cost function?

Reference no: EM13331482

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