A firm estimates its long-run production function to be Suppose the firm employs 12 units of capital.The product curves) in the short-run are
A) TP = -12.96 L3 + 1,728L2.
B) AP = -12.96 L3 + 1,728L2.
C) MP = -38.88 L2 + 3,456L.
D) both a and b
E) both a and c
Correct Answer:
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