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Using the Lagrange multiplier, calculate the marginal cost of
producing an additional unit of output at the cost minimising point?
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- what is the consequence of taking a firm's scarcity rent for a depletable resurce?Find the elasticity of scale and the elasticity of substitution for the CES production function (x1; x2) = (x1rho + x2tho 1/P, where 0 * p > !!!How has technology eased the task of assessing actual food costs and actual beverage costs?
