What are the expansion path and total cost function

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Reference no: EM131075056

Assume the production function is given by Q=KL. suppose C=80$ r=2.00/unit and w=$2/unit

A) what are the returns to scale for this production function?

B) roughly sketch the isoquants for q=1 and q=2

C) what is the optimal input combination and the total output

D) what are the expansion path and total cost function?

Reference no: EM131075056

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