E x1 < 21 and 0 < x2 < /hat are the scale propertie n the same set of axes, ske

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 91E
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3.48 The production function for some good is given by
X1
y= x2 sin
X2
2
for 0 < x1 < 21 and 0 < x2< 2n and y= 0 when x2 = 0.
(a) What are the scale properties of this technology?
(b) On the same set of axes, sketch the marginal and average product of x when x2 = 1.
(c) If w = 1, w2 = 2. and x2 = 1, derive the short-run cost and profit functions.
Transcribed Image Text:3.48 The production function for some good is given by X1 y= x2 sin X2 2 for 0 < x1 < 21 and 0 < x2< 2n and y= 0 when x2 = 0. (a) What are the scale properties of this technology? (b) On the same set of axes, sketch the marginal and average product of x when x2 = 1. (c) If w = 1, w2 = 2. and x2 = 1, derive the short-run cost and profit functions.
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