=+c. How much more or less of each input does the firm buy in the new long-run
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=+c. How much more or less of each input does the firm buy in the new long-run equilibrium compared with the original one? (The input demand functions for a Cobb–Douglas production process were previously derived and given in equation (13.47) of exercise 13.8.)
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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