Suppose the Long-Run Cost Function Is C = 2q 2

The Answer of Suppose the Long-Run Cost Function Is C = 2q 2

The Answer of Suppose the Long-Run Cost Function Is C = 2q 2

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Suppose the Long-Run Cost Function Is C = 2q²

Question 31

Suppose the long-run cost function is C = 2q². What is the cost-output elasticity for this case?

A) 1
B) 2
C) 1/2
D) 4

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