In workout problem 2O the price of factor 1 is $8 and the price of factor 2 is $16, in what proportions should the firm use factors 1 and 2 if it wants to maximize profits? We can't tell without knowing the price of output. Ox1 = 16x2. O x1 = 0.50x2. O x1 = X2- X1 = 2x2. %3D
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