Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / For any positive values of input prices w1 0 and w2 0 the cost minimizing input combinatio...

For any positive values of input prices w1 0 and w2 0 the cost minimizing input combination to produce an output of y 0 is X1 Y^2 and X20 Write a production function for this firm

For any positive values of input prices w1>0 and w2>0, the cost minimizing input combination to produce an output of y>0 is X1=Y^2 and X2=0. Write a production function for this firm. Also, draw the isoquant corresponding to an output of 3 with the production function you have written

Apr 30 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions