Question: Consider the 1-input, 1-output technology defined by the production function f(z) = (z 1)2 1, z 1 8 z 5, z > 1 Fix the

Consider the 1-input, 1-output technology defined by the production function f(z) = (z 1)2 1, z 1 8 z 5, z > 1 Fix the price of the input good at w = 1. 1. Find the total cost function. Plot it for quantities up to 10

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