A production function is given by f(x1,x2)=(max(x1,x2))^0.5. Prices of inputs are p1=10 and p2=20. What is the lowest cost of producing 10 units of outpur? Ответ:

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Chapter21: Production And Costs
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A production function is given by f(x1,x2)=(max(x1,x2))^0.5. Prices of inputs are p1=10 and p2=20. What is the lowest cost of producing 10 units of output
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Transcribed Image Text:A production function is given by f(x1,x2)=(max(x1,x2))^0.5. Prices of inputs are p1=10 and p2=20. What is the lowest cost of producing 10 units of output Ответ:
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