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    Microeconomics Theory with Applications
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    Exam 7: Production Cost: Many Variable Inputs
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    Suppose Tariq's Body Shop Operates with the Production Function Y
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Suppose Tariq's Body Shop Operates with the Production Function Y

Question 94

Question 94

Essay

Suppose Tariq's body shop operates with the production function y = (300z1z2)1/2. If
w1=20 and w2=60, what is the minimum cost of producing 3000 units?

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The marginal rate of technical substitut...

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