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Unformatted text preview: (d) Which units of labor does this production function exhibit increasing, decreasing and constant returns? (e) What additional information would be needed to nd the long-run cost curves for this rm? (f) Demonstrate that the marginal costs for the rm calculated using only the MP L cuve and wage information are the same as those calculated using only the Variable cost curve....
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This note was uploaded on 10/14/2010 for the course DDF 1124-445 taught by Professor Gorthermclays during the Spring '10 term at Florida College.
- Spring '10