Discuss the estimation of long-run cost functions. Which regression method is most frequently used, and what are

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Discuss the estimation of long-run cost functions. Which regression method is most frequently used, and what are some of the problems a researcher her will encounter? What adjustment factors may have to be employed?

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Managerial Economics

ISBN: 978-0133020267

7th edition

Authors: Paul Keat, Philip K Young, Steve Erfle

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Question Posted: Jun 20, 2016 12:32 AM

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Discuss the estimation of long-run cost functions. Which regression method is most frequently used, and what are

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In the economic long run there are no fixed costs The economist usually assumes that changes in the ...View the full answer

Managerial Economics

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