=+13.2 The following problem explores issues similar to those in exercise 13.1, but instead of thinking directly

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=+13.2 The following problem explores issues similar to those in exercise 13.1, but instead of thinking directly about profit maximization, we will think about cost minimization on the way to profit maximization.

A. Suppose you have a homothetic production technology and you face input prices 1w, r2.

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