If I have wage $w = 200$ and rental rate $r = 3050$ on short run, I can assume that $K=1$ and then get the total costs $TC = rK+wL = 3050 + 200L$.

Isn't it correct?

But what if I also have a cost of $400$ on each sold unit. Then my costs will be function of both labor $L$ and quantity $Q$.


closed as unclear what you're asking by Giskard, BKay, dismalscience, Jamzy, Alecos Papadopoulos Oct 20 '15 at 19:10

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    $\begingroup$ Without the production function it is not possible to answer this question. $\endgroup$ – Giskard Oct 19 '15 at 18:04