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Question # 2 i Suppose a firm had a production function with linear isoquants, implying that its two inputs were perfect substitutes for each other.
Question # i
Suppose a firm had a production function with linear isoquants, implying that its two inputs were perfect substitutes for each other. What would determine the firm's expansion path in this case? For the opposite case of a fixedportions production function, what would the firm's expansion path be
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
