Suppose a firm has a Cobb-Douglas weekly production function Q = F(L, K) = 25L0.5K0.5, where L is the number of workers and K is units of capital. The wage rate is $900 per week, and a unit of capital costs $400 per week. Assuming no fixed costs, what is the firm's total cost of production if it uses least-cost input combination to produce 675 units of output?

A. $48,600

B. $43,650

C. $35,100

D. $32,400


D. $32,400

Economics

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Refer to the graph shown. If this monopolist were forced to set price equal to average cost, it would charge a price of:

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Economics