2wrQ Suppose the long-run cost function is given by: C(w.r. Q) =, (w+r) What would be the conditional demand for labor and capital respectively? O 2r2Q 2w2Q (w+r)3' (w+r)3 2rQ (w+r)²' (w+r)² 2wQ (w+r)? (w+r)? 2r2Q 2w2Q (w+r)²’ (w+r)²

2wrQ Suppose the long-run cost function is given by: C(w.r. Q) =, (w+r) What would be the conditional demand for labor and capital respectively? O 2r2Q 2w2Q (w+r)3' (w+r)3 2rQ (w+r)²' (w+r)² 2wQ (w+r)? (w+r)? 2r2Q 2w2Q (w+r)²’ (w+r)²

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Zwro
Suppose the long-run cost function is given by: C(w.r. Q) =
(w+r)
What would be the conditional
demand for labor and capital respectively?
O 2r?Q
2r2Q
2w2Q
(w+r)3' (w+r)³
2rQ
2wQ
(w+r)²' (w+r)?
(w+r)?
(w+r)?
212Q
2w2Q
(w+r)2' (w+r)?

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