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Prove that if production function f is nice then total cost function C(v,w,q) is nondecreasing in v. Nice means f is increasing and twice differentiable

Prove that if production function f is "nice" then total cost function C(v,w,q) is nondecreasing in v.

Nice means

  • f is increasing and twice differentiable in all inputs
  • isoquant curve of l,k is decreasing and convex
  • isoquant never touches the axes
  • isoquant curve is differentiable

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