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Exercise 5.c.10 from microeconomics theory by Andreu Mas-Colell: derive the cost function c(w,q) and conditional factor demand functions z(w,q) for each of the following single-output
Exercise 5.c.10 from microeconomics theory by Andreu Mas-Colell: derive the cost function c(w,q) and conditional factor demand functions z(w,q) for each of the following single-output constant return technologies with production functions given by: (a) perfect substitutes inputs: f(z)= z_1+z_2 and (b) Leontief technology: f(z)=Min(z_1, z_2)
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