Suppose the long-run cost function is given by: C (w, r, Q) = 2wrQ What would be the conditional (w+r) demand for labor and capital
Suppose the long-run cost function is given by: C (w, r, Q) = 2wrQ What would be the conditional (w+r) demand for labor and capital respectively? O 272Q 2w2Q (wtr)3 ' (w+1) 3 O Q Q (wtr) 2 (w+7)2 O 272 Q 2w2Q (w+r) 2 ' ( wtr ) 2 O 2rQ 2WQ ( wtr ) 2 ' ( w+r ) 2
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