Question: Now, let's consider a time horizon long enough such that producers like Juan can adjust the level of capital, although they still have to pay
Now, let's consider a time horizon long enough such that producers like Juan can adjust the level of capital, although they still have to pay the sunk cost ofin order to learn the recipes. Assuming that they face the same price for labor () and for the rental rate of capital (), find the long run total cost production function in this market. (Exclude the sunk costs in this function.) To verify that you have found the correct long-run total cost function, compute the long-run total cost of producing 30 tacos.
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