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Q1 Production and Costs Suppose a firm produces according to the following production function y = x] a. What is the firm's conditional demand xi

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Q1 Production and Costs Suppose a firm produces according to the following production function y = x] a. What is the firm's conditional demand xi = f(w1, w2, y) (Remember... MRTS = W1/W2) b. What is the firm's conditional demand x2 = f(W1, wz, y) What is the firm's cost function c(w1, w2, y)

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