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    Intermediate Microeconomics Study Set 1
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    Exam 19: Cost Minimization-Part A
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    If the Production Function for Tuna Casseroles Is Min{x1,x2 }
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If the Production Function for Tuna Casseroles Is Min{x1,x2 }

Question 7

Question 7

Essay

If the production function for tuna casseroles is min{x1,x2 }, where x1 is the amount of factor 1 and x2 is the amount of factor x2, find the cost function for tuna casseroles.

Correct Answer:

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a.w1/2 + w2

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