If a production function is represented as q = ,the long-run average cost curve will be horizontal as long as
A) α + β = 0.
B) α + β = 1.
C) q 0.
D) L = K.

Question

If a production function is represented as q =   ,the long-run average cost curve will be horizontal as long as
A) α + β = 0. 
B) α + β = 1. 
C) q > 0. 
D) L = K.

Quizplus · Accepted Answer

The Answer of If a production function is represented as q =   ,the long-run average cost curve will be horizontal as long as
A) α + β = 0. 
B) α + β = 1. 
C) q > 0. 
D) L = K.

If a Production Function Is Represented as Q =