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A company has a production function ( 1, 2) = 2 11/3 1/4
a. Find the business supply function. 2 The price of the product it produces is p = 2 and the values ??of the coefficients are 1 = 1 and 2 =2
b. If the price of the first input rises by one unit, what will happen to the offered quantity of product and the requested quantities of inputs?
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