Question: 2 2 . 1 1 A competitive firm uses two inputs and has a production function f ( x 1 ; x 2 ) =
A competitive firm uses two inputs and has a production function
f x; xx X
The firm can buy as much of either factor as it likes at factor prices w w The cost of
producing y units of ouput for this firm is:
ay
bx xy
cx x
d y
e y
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