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 =
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 17SQ
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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 =](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9511d4a4-6bf4-4fde-96ab-3c11141c4e2c%2F74175051-20a5-40a4-b2b8-0357e2beb4c4%2Fspk80dk_processed.png&w=3840&q=75)
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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