Business, 27.09.2019 04:30 kbuhvu

Output for a simple production process is given by q = 2kl, where k denotes capital, and l denotes labor. the price of capital is $25 per unit and capital is fixed at 8 units in the short run. the price of labor is $5 per unit. what is the total fixed cost of producing 80 units of output?

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Output for a simple production process is given by q = 2kl, where k denotes capital, and l denotes l...

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