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 total cost function is TC = ____.
Definitions:
Informed Consent
A legal and ethical principle requiring individuals to be fully informed about and consent to procedures or activities affecting them.
Necessary
Something that is required or essential for a particular purpose, action, or outcome.
Harmful
Causing or capable of causing damage, injury, or negative effects to something or someone.
Debriefing
A process following a research study or mission where participants are given an explanation of the study's purpose and its results, and any necessary counseling.
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