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Write down the firm cost minimization problem

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Reference no: EM13909843

Consider a firm with the following Cobb-Douglas production technology: f(k; l) = [k^(3/4)l^(1/4)]

Suppose the firm faces competitive factor markets and wants to minimize the production cost of producing y units of output.

a) Write down the firm's cost minimization problem. Be very precise.

Reference no: EM13909843

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