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Solve for the total cost function of the following euqation q=2L^(1/2)

Solve for the total cost function of the following euqation

q=2L^(1/2)

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Answer #1

The production function is given as . The cost of production would be as , for w be wages paid to labor L.

From the production function, we have or or , which is the conditional labor demand. The cost function would be as or or .

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