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Business, 06.05.2020 07:08 Cocco

The number of square feet they can build in a week is described as , where L is the number of workers and K is units of capital. The wage rate is $1000 per week and a unit of capital costs $250 per week. Suppose they are initially building 100 ft2 per week. What are their short-run and long-run cost functions?

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