QUESTION 6 When Hidden City Cafe uses K units of capital and L units of labor, it can produce Q units of output with the production function Q = KVL. Each unit of capital costs r = 20, and each unit of labor costs w = 25. The level of K is fzed at 5 units in the short run For simplicity, suppose the faed cost is sunk (2) Find the equation of the firm's short run total cost curve. (b) Find the equations of the firm's shortrun average total cost curve, shortrun marginal cost curve, average variable cost curve, and average fixed cost curve (c) On a graph, draw the firm's short-run average total cost curve, average variable cost curve, and shortrun marginal cost curve. Label the critical points.

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