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Consider a firm whose production function is Q = 0.4K0.5 L0.5. Its level of capital is...

Consider a firm whose production function is Q = 0.4K0.5 L0.5. Its level of capital is fixed at 100 units, the price of labor is PL = $4 per unit, and the price of capital is PK = $2 per unit. Given this information, the firm's cost structure is given by:

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TFC = 200, TVC = Q2/4, TC = 200 + Q2/4, AFC = 200/Q, AVC = Q/4, ATC = 200/Q + Q/4, MC = Q/2

TFC = 200, TVC = 4Q2, TC = 200 + 4Q2, AFC = 200/Q, AVC = 4Q, ATC = 200/Q + 4Q, MC = 8Q

TFC = 200, TVC = Q2/16, TC = 200 + Q2/16, AFC = 200/Q, AVC = Q/16, ATC = 200/Q + Q/16, MC = Q/8

TFC = 200, TVC = Q2/2, TC = 200 + Q2/2, AFC = 200/Q, AVC = Q/2, ATC = 200/Q + Q/2, MC = Q

TFC = 200, TVC = 2Q2, TC = 200 + 2Q2, AFC = 200/Q, AVC = 2Q, ATC = 200/Q + 2Q, MC = 4Q

TFC = 200, TVC = Q2/8, TC = 200 + Q2/8, AFC = 200/Q, AVC = Q/8, ATC = 200/Q + Q/8, MC = Q/4

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