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Assume a firm faces input prices of $65 and $125, respectively, for L and K. The firm planning to produce two goods, X and Y,
Assume a firm faces input prices of $65 and $125, respectively, for L and K. The firm planning to produce two goods, X and Y, obtains the following spreadsheet showing a portion of the multiproduct expansion path when the firm employs two inputs, L and K:
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