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A firm has a production function fLK L1K13 The cost of labor is w 20 and the cost of capital is r = 5 The equation for long-run total cost is

A firm has a production function f(LK) = L1/3K1/3 The cost of labor is w = 20 and the cost of capital is r = 5. The equation for long-run total cost is: Wählen Sie eine Antwort: O a. TC(Q) = 5Q34 b. TC(Q) 202 3/2 OC. TC(Q)300 d. TC(R)-2034

Apr 23 2020 View more View Less

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