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The Empirical Specification TVC=aQ+bQ2+cQ3T V C = a Q + b Q ^ { 2 } + c Q ^ { 3 }

Question 21

Multiple Choice

The empirical specification TVC=aQ+bQ2+cQ3T V C = a Q + b Q ^ { 2 } + c Q ^ { 3 } can be used to estimate


A) a short-run cubic production function.
B) short-run cubic cost function.
C) a  U \text { U } -shaped TVC curve.
D) both b and c
E) none of the above

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