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2. Consider the cost function 3 e (w), wa, q) = šu w The firm uses two inputs z1 and z2 with input prices wi and w2 respectively. Find the conditional factor demand functions, z (w1, w2, q).

2. Consider the cost function 3 e (w), wa, q) = šu w The firm uses two inputs z1 and z2 with input prices wi and w2 respectively. Find the conditional factor demand functions, z (w1, w2, q).

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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2. Consider the cost function 3 c(w1, w2, q) = akwf wž The firm uses two inputs zı and z2 with input prices wi and w2 respectively. Find the conditional factor demand functions, z (w1, w2, q).
Transcribed Image Text:2. Consider the cost function 3 c(w1, w2, q) = akwf wž The firm uses two inputs zı and z2 with input prices wi and w2 respectively. Find the conditional factor demand functions, z (w1, w2, q).
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