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Please explain this question and any related theory to do with it so i am able to understand what is happening, thank you. Please feel
Please explain this question and any related theory to do with it so i am able to understand what is happening, thank you. Please feel free to link any graphs or reference links from websites.
Sketch the short-run TC, VC, FC, ATC, AVC, AFC, and MC curves for the production function Q = 3KL. Suppose that capital is fixed at 2 units in the short run, and that the wage rate is 2 and the rental rate is 3.
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