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Business, 19.03.2021 03:10 aaron0828

If the wage rate​ 'w' is ​$ and the cost of capital is ​$​, calculate the average cost of producing units in the​ long-run. AC​ = ​$nothing  ​(round your answer to the nearest penny​).In the​ short-run, with the amount of capital fixed at 40​ units, average total cost of producing units is▼greater thanequal toless than​long-run average costs.

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If the wage rate​ 'w' is ​$ and the cost of capital is ​$​, calculate the average cost of producing...
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