A find the long run total cost curve if a 1 b what happens


Suppose q= AK1/3L2/3, w = 5 and v = 3.

A) Find the long run total cost curve if A = 1

B) What happens to the total costs if A = 2 instead? Explain.

Solution Preview :

Prepared by a verified Expert
Business Economics: A find the long run total cost curve if a 1 b what happens
Reference No:- TGS02210861

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)