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Consider a firm using a 3-dimensional technology with long-run marginal cost function given by MC(q, w,...

Consider a firm using a 3-dimensional technology with long-run marginal cost function given by MC(q, w, r)

If d/dq[MC(q,w,r)] = 1/2 & MC(0,w,r) = 0

What is the elasticity of the quantity supplied with respect to the output price in the profit maximizing solution?

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