Suppose a wind turbine producer faces this production function: Q=0.25KL with MP = 0.25K; MPk = 0.25L The wage rate (W) is $12 per hour, and the rental rate on capital (R) is $22 per hour. 1. In the short run, capital is fixed at 8. What is the cost of producing 200 turbines? 2. The firm wants to minimize the cost of producing 200 turbines. Please calculate the total cost.

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