If the production function is ( mathrm{Q}= mathrm{K}^{0.25} mathrm{SL}^{0.25} ), then derive the expression for the long-run total cost function, noting that MRTS at any point of isoquant is equal to ( mathrm{K} / mathrm{L} ) for this production function.

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If the production function is  (  mathrm{Q}= mathrm{K}^{0.25}  mathrm{SL}^{0.25}  ), then derive the expression for the long-run total cost function, noting that MRTS at any point of isoquant is equal to  (  mathrm{K} /  mathrm{L}  ) for this production function.

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(Solved): If the production function is \( \mathrm{Q}=\mathrm{K}^{0.25} \mathrm{SL}^{0.25} \), then ...

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