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Draw the long-run conditional labor demand
Course:- Microeconomics
Reference No.:- EM13700090





Assignment Help >> Microeconomics

A firm’s production function is given by: f(L, k) = L^1/2 , where L is the only input into production and it is variable in both the short and long run. Draw the long-run conditional labor demand in (L,Q) space (in other words, with L on the x-axis)




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