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This question's purpose is to show that profit maximization equivalent with cost minimization. A firm's production function is y=f(L,K,T). Labor price L is w, Capital

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This question's purpose is to show that profit maximization equivalent with cost minimization. A firm's production function is y=f(L,K,T). Labor price L is w, Capital price K is r, and Land price T is t. Assume all price are positive and f: >0 and f;" 0 and f;"

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