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A Firm with a Production Function Q = KL (Where

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A firm with a production function Q = KL (where K is units of capital and L is units of labor) has an expansion path that is given by K = 2L. The wage rate (W) is $20 and the rental on capital is $10. A firm with a production function Q = KL (where K is units of capital and L is units of labor)  has an expansion path that is given by K = 2L. The wage rate (W)  is $20 and the rental on capital is $10.   Assuming that the firm is using the optimal mix of inputs for any given output level, the average total cost when producing 8 units of output is $____. A)  10 B)  20 C)  80 D)  40 Assuming that the firm is using the optimal mix of inputs for any given output level, the average total cost when producing 8 units of output is $____.


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