Economy, asked by Rashirani484, 2 months ago

the name of long run production function​ ?

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Answered by sachin9715
0

Answer:

In the long run, all factors (including capital) are variable, so our production function is Q = f [ L , K ] \displaystyle Q=f\left[L\text{,}K\right] Q=f[L,K]. In the short run, the only variable factor is labor so the only way the firm can produce more output is by hiring additional workers

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