Question | A firm has two variable factors and a production function, f (x1, x2) = x11/2×12/4. The price of its output is 4. Factor 1 receives a wage of w1 and factor 2 receives a wage of w2. |
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Subject | business-economics |
Question | A firm has two variable factors and a production function, f (x1, x2) = x11/2×12/4. The price of its output is 4. Factor 1 receives a wage of w1 and factor 2 receives a wage of w2. |
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Subject | business-economics |