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Question: Assume that the Cobb-Douglas production function for a beer manufacturer is q = 1, 52L^0.6k^0.4 C...

Show transcribed image text Assume that the Cobb-Douglas production function for a beer manufacturer is q = 1, 52L^0.6k^0.4 Calculate the average fixed cost if we also assume that the firm's capital is fixed at 250 units and the rental rate of capital is $5 per unit.

Assume that the Cobb-Douglas production function for a beer manufacturer is q = 1, 52L^0.6k^0.4 Calculate the average fixed cost if we also assume that the firm's capital is fixed at 250 units and the rental rate of capital is $5 per unit.