A firm has a fixed costs of $2,000. Its short-run production function is y = 4x^1/2, where x is the amount of variable factor it uses. The price of the variable factor is $1,600 per unit. Where y is the amount of output, the short-run total cost function is

A firm has a fixed costs of $2,000. Its short-run production function is y = 4x^1/2, where x is the amount of variable factor it uses. The price of the variable factor is $1,600 per unit. Where y is the amount of output, the short-run total cost function is




Answer: 2,000 + 100y^2.