Calculate how many units of æ1 the profit-maximizing firm will demand in the short run if the production function is f(x1, x2) = x43x24. The level of æ2 is fixed at 14. Price of output „0.43 „0.2 32.6 and prices of inputs are wi 8.5 and w2 5.9.
Calculate how many units of æ1 the profit-maximizing firm will demand in the short run if the production function is f(x1, x2) = x43x24. The level of æ2 is fixed at 14. Price of output „0.43 „0.2 32.6 and prices of inputs are wi 8.5 and w2 5.9.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Calculate how many units of x1 the profit-maximizing firm will demand in the short run if the
production function is f(x1, x2) = x43 x24. The level of x2 is fixed at 14. Price of output
„0.43 „0.24
p = 32.6 and prices of inputs are wi
8.5 and w2 = 5.9.
Type your answer with at least 4 decimal digits!
Answer:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F03c29d4f-f722-4ee3-8385-91a00cadb464%2F01cbe037-7b0e-4c75-b22c-97c275906cbc%2F2b34tk_processed.png&w=3840&q=75)
Transcribed Image Text:Calculate how many units of x1 the profit-maximizing firm will demand in the short run if the
production function is f(x1, x2) = x43 x24. The level of x2 is fixed at 14. Price of output
„0.43 „0.24
p = 32.6 and prices of inputs are wi
8.5 and w2 = 5.9.
Type your answer with at least 4 decimal digits!
Answer:
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