==+The firms short-run cost is SRTC = 2000 + 5Q, and its long-run cost is LRTC =

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==+The firm’s short-run cost is SRTC = 2000 + 5Q, and its long-run cost is LRTC = 6Q.

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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