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The production function is f(x1, x2) = ln (x1 + 1) + ln (x2 + 1). Set up the firm's profit maximization problem in the
The production function is f(x1, x2) = ln (x1 + 1) + ln (x2 + 1). Set up the firm's profit maximization problem in the long run and find the long-run supply curve (as a function of p, w1, and w2). Then, sketch the long-run supply curve. Are there corner solutions?
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