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1.Explain the relative advantages and disadvantages of time-series and cross section studies for estimating cost functions in the short run.
2 Explain the relative advantages and disadvantages of time-series and cross section studies for estimating cost functions in the long run.
3 Explain the relative advantages and disadvantages of using a polynomial cost function compared with a power function for a long-run analysis.

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关键词：Managerial Economics Economic Manager econom