Question
In response to your request for an estimator of the long run total cost curve, your intern produced this equation:. LRTC = 20 + 9/5
In response to your request for an estimator of the long run total cost curve, your intern produced this equation:.
LRTC = 20 + 9/5 Q
Is there any problem with this estimator? If so, what is it?
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The American Economy
Authors: Walter Greason, William Gorman
1st Edition
1524902675, 9781524902674
