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The cost function for the CES technology 1 Suppose that f (xl,x 2)= (xy + 2;);. What is the associated cost function? The cost minimization
The cost function for the CES technology
1
Suppose that f (xl,x 2)= (xy + 2;);. What is the associated cost function?
The cost minimization problem is
min wlxl + w2x2
such that x; + x; = yP
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Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
