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Exercise 21.4 An efficient small firm has production function q(k, 1) = k1/5/1/5, and the unit costs for capital and labour are v = 2
Exercise 21.4 An efficient small firm has production function q(k, 1) = k1/5/1/5, and the unit costs for capital and labour are v = 2 and w = 3. Find its supply set assuming that there is a limit L on its production level
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