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Consider a firm which uses capital, which is a fixed input in the short run but a variable input in the long run. For a
Consider a firm which uses capital, which is a fixed input in the short run but a variable input in the long run. For a given quantity of output, under what conditions is the fixed quantity of capital used by the firm in the short run equal to the optimal quantity the firm will demand in the long run? Illustrate your answer with a graph
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