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...Managerial economics business strategy chapter the production process and costs mcgraw hill irwin copyright by companies inc all rights reserved overview i analysis total product marginal average isoquants isocosts cost minimization ii variable fixed cubic function relations iii multi functions q f k l is quantity of output produced capital input labor a functional form relating inputs to maximum amount that can be with units short run vs long decisions algebraic forms linear are perfect substitutes ak bl leontief used in proportions fk minbk cl cobb douglas have degree substitutability b...