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Homework answers / question archive / Derive the total, average and marginal long run cost functions for the production function F (L, K) = K + L, if input prices are wk = 3 and wL = 5

Derive the total, average and marginal long run cost functions for the production function F (L, K) = K + L, if input prices are wk = 3 and wL = 5

Economics

Derive the total, average and marginal long run cost functions for the production function F

(L, K) = K + L, if input prices are wk = 3 and wL = 5.

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