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The total cost of harvasting is cost of inputs put together in terms of either input employed or output harvested. Let the number of person harvasting is given by L and the output they harvest is Q boxes per day. Therefore, the total cost functions in terms of Q or Lis
- TC=50L
- TC=2Q
The production function will establish a clear understanding of the relations between Q and L, so that both cost functions can interchangeably used in terms of either Q or L
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