Question: 1.3.8 Derive the long-run cost function for the con stant elasticity of substitution production function q = (L + K)d/. (Hint: See Solved Problem 7.4.)

1.3.8 Derive the long-run cost function for the con stant elasticity of substitution production function q = (Lρ + Kρ)d/ρ. (Hint: See Solved Problem 7.4.) M

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