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20 40 Output L* K* LTC LẠC LMC 10 20 720 20 12 24 30 32 48 40 26 2040 50 66 76 60 52 65 70 100 5600 The price of labour is $20 per unit and the price of capital is $40 per unit. To produce 20 units of output the firm needs to hire x units of labour. The 30th unit of output adds $ x to long-run total cost. The Long Run Average Cost of producing 50 units of output is $ The Long Run Total Cost of producing 60 units of output is $

20 40 Output L* K* LTC LẠC LMC 10 20 720 20 12 24 30 32 48 40 26 2040 50 66 76 60 52 65 70 100 5600 The price of labour is $20 per unit and the price of capital is $40 per unit. To produce 20 units of output the firm needs to hire x units of labour. The 30th unit of output adds $ x to long-run total cost. The Long Run Average Cost of producing 50 units of output is $ The Long Run Total Cost of producing 60 units of output is $

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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20 40 Output [* K* LTC LẠC LMC 10 20 720 20 12 24 30 32 48 40 26 2040 50 66 76 60 52 65 70 100 5600 The price of labour is $20 per unit and the price of capital is $40 per unit. To produce 20 units of output the firm needs to hire x units of labour. The 30th unit of output adds $ x to long-run total cost. The Long Run Average Cost of producing 50 units of output is $ The Long Run Total Cost of producing 60 units of output is $ To produce 70 units of output the firm needs to hire x units of capital.
Transcribed Image Text:20 40 Output [* K* LTC LẠC LMC 10 20 720 20 12 24 30 32 48 40 26 2040 50 66 76 60 52 65 70 100 5600 The price of labour is $20 per unit and the price of capital is $40 per unit. To produce 20 units of output the firm needs to hire x units of labour. The 30th unit of output adds $ x to long-run total cost. The Long Run Average Cost of producing 50 units of output is $ The Long Run Total Cost of producing 60 units of output is $ To produce 70 units of output the firm needs to hire x units of capital.
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