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QUESTION 14 Latte Larry’s has the following production function:: q = K^{0.5}L^{0.5} and faces input prices...

QUESTION 14

Latte Larry’s has the following production function:: q = K^{0.5}L^{0.5} and faces input prices w = 1 and r = 4. Calculate Larry's cost function and use it to answer the following question: How much does it cost Larry to produce 10 units of output?

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