Question: What is the relation between production functions and cost functions? Be sure to include in your discussion the effect of competitive conditions in input factor

What is the relation between production functions and cost functions? Be sure to include in your discussion the effect of competitive conditions in input factor markets.

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Q8.5 What is the relation between production functions and cost functions? Be sure to include in your discussion the effect of competitive conditions in input factor markets.

What is the relation between production functions and cost functions? Be sure to include in your discussion the effect of conditions in input factor markets.

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