A firm manufactures boxes of cereal using a fixed proportion production function: One box and one unit

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A firm manufactures boxes of cereal using a fixed proportion production function: One box and one unit (12 ounces) of cereal produce one box of cereal. What is the expansion path? What is the cost function?

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Microeconomics

ISBN: 978-0134519531

8th edition

Authors: Jeffrey M. Perloff

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