In Solved Problem 7.6, Equation 7.26 gives the long-run cost function of a firm with a constant-returns-to-scale
Question:
Equation 7.26,
K = (0.4/0.6) (24/8)L = 2L.
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Related Book For
Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
Question Posted:
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