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Problem 4 (20 points) Firm XYZ's technology is described by the following production function 2/3 201 1/3 f ($1, 12) = (a) Derive firm XYZ's

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Problem 4 (20 points) Firm XYZ's technology is described by the following production function 2/3 201 1/3 f ($1, 12) = (a) Derive firm XYZ's conditional demands for inputs 1 and 2. (b) Derive firm XYZ's cost function. (c) Derive the threshold of the output price above which firm XYZ makes positive profits

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