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A Firm Estimates Its Long-Run Production Function to Be

Question 20

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A firm estimates its long-run production function to be 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 L<sup>3</sup> + 1,728L<sup>2</sup>. B) AP = -12.96 L<sup>3</sup> + 1,728L<sup>2</sup>. C) MP = -38.88 L<sup>2</sup> + 3,456L. D) both a and b E) both a and c 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

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