=+B. As in exercises 13.1 and 13.2, suppose the production process is again characterized by the production

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=+B. As in exercises 13.1 and 13.2, suppose the production process is again characterized by the production function x 5 f1l, k2 5 A, a k

b with 0 ,

a, b # 1 and a 1 b , 1.

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