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4. (20 points) Suppose Noah and Naomis short-run weekly production f.pdf

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4. (20 points) Suppose Noah and Naomi's short-run weekly production function is Q=F(L)=2L and the wage rate is $12 an hour. Suppose also they face a sunk cost (for their fixed (a) (10 points) What total cost function? (b) (10 points) Graph the variable cost funnt..

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4. (20 points) Suppose Noah and Naomi's short-run weekly production function is Q=F(L)=2L and the wage rate is $12 an hour. Suppose also they face a sunk cost (for their fixed (a) (10 points) What total cost function? (b) (10 points) Graph the variable cost funnt.

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