Write down the long run cost function


Problem

Write down the (long run) cost function. Verify that this function has constant marginal cost.

Suppose that the firm has production function F(LK-L0K1-a, a (0, 1)

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Write down the long run cost function
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