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Part III: Optimization 3. a} Set up the cost minimization problem for the rm where there are two inputs, x1 and _ 2 4 Kg.

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Part III: Optimization 3. a} Set up the cost minimization problem for the rm where there are two inputs, x1 and _ 2 4 Kg. The production function is y x1x2 . Derive the First Order Conditions. (20 points)

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