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Title: Suppose capital and labor are perfect substitutes resulting in a production function of q = K + L. ... Post by: PaulKet on Nov 12, 2017 Suppose capital and labor are perfect substitutes resulting in a production function of
q = K + L. That is, the isoquants are straight lines with a slope of -1. Derive the long-run total cost function TC = C(q) when the wage rate is w and the rental rate on capital is r. Title: Re: Suppose capital and labor are perfect substitutes resulting in a production function of q = K + ... Post by: SaHiN22 on Nov 12, 2017 Content hidden
Title: Re: Suppose capital and labor are perfect substitutes resulting in a production function of q = K + L. ... Post by: PaulKet on Aug 13, 2018 :D Yay, got perfect on my quiz
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