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Consider the technology function f(z1,z2) = 2zk + zk. Suppose that w] = 64, that w2 = 52, and that you need to produce output q = 1760. a) `When k = 1, cost is minimised at z1 = and z2 = b) c), When k = 2, cost is minimised at z1 = When k = 0.5, cost is minimised at z1 = and z2 = and z2 =

Consider the technology function f(z1,z2) = 2zk + zk. Suppose that w] = 64, that w2 = 52, and that you need to produce output q = 1760. a) `When k = 1, cost is minimised at z1 = and z2 = b) c), When k = 2, cost is minimised at z1 = When k = 0.5, cost is minimised at z1 = and z2 = and z2 =

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Consider the technology function f(z1,z2) = 2zk + z. Suppose that w1 = 64, that w2 = 52, and that you need to produce output q = 1760. and z2 = a) `When k = 1, cost is minimised at z1 = 이 When k = 2, cost is minimised at z₁ = When k = 0.5, cost is minimised at z1 = and z2 = and z2 =
Transcribed Image Text:Consider the technology function f(z1,z2) = 2zk + z. Suppose that w1 = 64, that w2 = 52, and that you need to produce output q = 1760. and z2 = a) `When k = 1, cost is minimised at z1 = 이 When k = 2, cost is minimised at z₁ = When k = 0.5, cost is minimised at z1 = and z2 = and z2 =
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