(Solved): Please give step by step solution 28.- A company produces a given good using the following producti ...

Please give step by step solution

28.- A company produces a given good using the following production function, \( \mathrm{X}=2 \mathrm{KL}{ }^{0.5} \) where \( \mathrm{X} \) is the production level. The capital of the company is 2 units. The price of each unit of capital is \( 10 \mathrm{~m} \). u. and the salary that each worker receives is \( 4 \mathrm{~m} \). u. What is the cost function of the company in the short run? a) \( \mathrm{TC}=20+2 \mathrm{X}^{0.5} \) b) \( \mathrm{TC}=20+0.25 \mathrm{X}^{2} \) c) \( \mathrm{TC}=8+2.5 \mathrm{X}^{2} \) d) \( \mathrm{TC}=20+4 \mathrm{X}^{0.5} \) e) None of the above