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Assume a Company Has the Long-Run Production Function Featured in the Accompanying

Question 75

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Assume a company has the long-run production function featured in the accompanying table. Suppose the price of capital and labor per unit both equal $50. Graph the company's long-run average cost curve. Assume a company has the long-run production function featured in the accompanying table. Suppose the price of capital and labor per unit both equal $50. Graph the company's long-run average cost curve.

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