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I will not be graded on this Consider the production function y = min (10x1, 5x2} a) Write the long run cost function when the

I will not be graded on this

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Consider the production function y = min (10x1, 5x2} a) Write the long run cost function when the price of input 1 is $100 and the price of input 2 is $50. (7 points) b) Let x2 = 10, write the short run cost function for the case of y $ 50, the price of input 1 is $100 and the price of input 2 is $50. (7 points) c) Plot the short run average cost function and the long run average cost function on the same graph. Be sure to indicate clearly if the curves cross or not. If they do, indicate at which level of output. (Note that you can only plot the short run average cost function for values of y

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