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Referring again to figure and assuming that the firm is currently producing at point a using K1 capital and L1 labour, what will be the
Referring again to figure and assuming that the firm is currently producing at point a using K1 capital and L1 labour, what will be the effect on (i) short-run and (ii) long-run average costs of reducing production to 100 units
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Economics
Authors: John Sloman, Alison Wride
7th edition
978-027372130, 273721305, 978-0273721307
