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Next Page Page 3 of 3 Question 3 (4 points) Consider a firm with production technology y= min{ I, 2k]. The price of labour I

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Next Page Page 3 of 3 Question 3 (4 points) Consider a firm with production technology y= min{ I, 2k]. The price of labour I is w, the price of capital k is r. For the input price vector (w,r) = (11, 13), the minimal cost of producing 62 units of output is: (rounded to the nearest integer)

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