Assume a perfectly competitive firm has production
Assume a (perfectly competitive) firm has production technology given by f(L, K) = √ L + √ K. Assume pK = 1 = pL and compute its (long-run) supply schedule. Where in the analysis do you invoke the assumption of perfect competition?
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assume a perfectly competitive firm has production technology given by fl k radic l radic k assume pk 1 pl and
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