Cost function have increasing or decreasing returns to scale

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Reference no: EM13698913

Suppose the production function for pasta is Q = 4kl

a) What is the long-run optimal input combination when Q = 16 , r = 4 , and w = 36 ?

b) What is the long-run total cost function when r = 4 and w = 36?

c) Does this cost function have increasing or decreasing returns to scale?

Reference no: EM13698913

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