Short run total cost function (8 points). Suppose the production function for Donut Friend donuts is...

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Short run total cost function (8 points). Suppose the production function for Donut Friend donuts is given by Q(K, L) = K + 2L The workers at Donut Friend are paid a wage of $20 per hour and a unit of capital can be rented for $50 per hour. (a) (4 points) In the short run, Donut Friend’s capital is fixed at K = 20. Find the firm’s short run total cost function, T CSR(Q) when Q = 20. (b) (4 points) In the short run, Donut Friend’s capital is fixed at K = 20. Find the firm’s short run total cost function, T CSR(Q) when Q

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Short run total cost function (8 points).  
Suppose the production function for Donut Friend donuts is given by Q(K, L) = K + 2L The workers at 
Donut Friend are paid a wage of $20 per hour and a unit of capital can be rented for $50 per hour. 
(a) (4 points) In the short run,

Short run total cost function (8 points). Suppose the production function for Donut Friend donuts is given by Q(K, L) = K + 2L The workers at Donut Friend are paid a wage of $20 per hour and a unit of...

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