A firm with the production function Q = F (K, L) is producing an output level Q*

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A firm with the production function Q = F (K, L) is producing an output level Q* at minimum cost in the long run. How will its short- run marginal cost when K is fixed compare with its short- run marginal cost when L is fixed?

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Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Question Posted: Dec 12, 2014 10:22 AM

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A firm with the production function Q = F (K, L) is producing an output level Q*

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Microeconomics and Behavior

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