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(Solved): Given a production function of fixed input ratio Q=min{2L,3K} Questions: (1) Set PL=1,PK=3, F ...




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Given a production function of fixed input ratio Questions: (1) Set , Find the and values and the minimum cost used to produce 120 units of production. If , what are the and values and the minimum cost used to produce 120 units of production? (2) Set , calculate the values of , and the maximum output when .


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