What is the long-run cost function if the production function is q = L + K?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Dec 29, 2017 12:51 AM

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What is the long-run cost function if the production function is q = L + K?

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Let w be the cost of a unit of L and r be the cost of ...View the full answer

Microeconomics Theory and Applications with Calculus

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