Suppose that your firm's production function has constant returns to scale. What is the long-run expansion path?

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Question Posted: Sep 21, 2024 05:17 AM

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Suppose that your firm's production function has constant returns to scale. What is the long-run expansion path?

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If there are constant returns to scalethe longrun expansion p...View the full answer

Microeconomics Theory and Applications with Calculus

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