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Y5 6. Consider a firm which produces according to the following production function just by using labor f(1) = In(1) a. Solve the cost minimization

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6. Consider a firm which produces according to the following production function just by using labor f(1) = In(1) a. Solve the cost minimization problem of this firm for the given wage rate, w. b. Derive the cost function of the firm. c. Decide whether the production function exhibits constant, increasing or decreasing returns to scale

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