A firm has a production function of 
, the rental rate of capital is $50, and the wage rate is $15. In the short run, 
Is fixed at 80 units. The short-run marginal cost function is MC = ____.
Definitions:
Lower Terms
Expressing a fraction in its simplest form so that the numerator and denominator are as small as possible.
Ratio
A comparison, by division, of the relative size of two or more quantities.
Proportion
A statement of the equality of two ratios.
Direct Labour
The cost of wages for employees who directly manufacture or produce goods and services.
Q1: CHART ANALYSIS <br>Close the PRIMEVAR4 file and
Q1: WHAT-IF ANALYSIS <br>Use the space provided below
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