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Often we assume that the cost function is quadratic: log c=+ ylog y+YYy) 2+ Mlog PM+ Llog PL+ Flog PF , Can you reject the
- Often we assume that the cost function is quadratic:
log c=+ ylog y+YYy) 2+ Mlog PM+ Llog PL+ Flog PF ,
Can you reject the hypothesis that the cost function is linear? What is the shape of the estimated cost function?
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Microeconomics
Authors: Roger A. Arnold
12th Edition
1285738306, 978-1285738307
