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{"ops":[{"insert":"An entrepreneur can produce a product according to the production function with two inputs q = f(z) = z1^2\/3 + z2^2\/3\n(a) Is it a concave production function such that it satisfies the second-order conditions? Shows:\n(b) What is the marginal cost function? Check that the function\nof marginal cost is increasing in q and interprets.\n(c) What is the cost function?\n(d) What are the conditional factor demand functions?\n(e) Formally state the cost minimization problem of the function\n"}]}
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