Mathematics, 19.05.2020 18:09, elizabethhubbe

What is the long-run cost function if the production function is qequals=33Lplus+22K? Let the cost of each unit of L be w and the cost of each unit of K be r. The long-run cost function is A. C(q)equals=wplus+r. B. C(q)equals=(w/33)q if (w/33)less than or equals≤(r/22), and (r/22)q otherwise. C. C(q)equals=q. D. C(q)equals=wq if wless than or equals≤r, and rq otherwise. E. C(q)equals=(w/33)q if (w/33)greater than or equals≥(r/22), and (r/22)q otherwise.

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What is the long-run cost function if the production function is qequals=33Lplus+22K? Let the cost o...