11. accounting LLA Repeat the LLA construction in problem 10 above, but with the anchoring point at...

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11. accounting LLA Repeat the LLA construction in problem 10 above, but with the

"anchoring point" at q = 12. (So you want the LLA to agree with CSR(12; P) and its slope to equal marginal cost at q = 12.) What is its slope? What is its intercept? Over what range does this strike you as a reasonable approximation to the underlying short-run and long-run cost curves? Is the intercept a fixed cost?

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