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A firm has a production function of the form f x1 x2 = max x1 x2* Does this firm have a convex or a nonconvex input requirement set What is the conditional factor demand

A firm has a production function of the form f (x1, x2) = max{x1, x2). * Does this firm have a convex or a nonconvex input requirement set? What is the conditional factor demand function for factor l? What is its cost function?

Jun 08 2020 Read more Less More

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