If a perfectly competitive firm which produces two commodities, has the cost function C = 2Q² + 2Q? where Q1 and Q2 denote the production level of commodity 1 and commodity 2 respectively. (Note: There are 3 questions in the test regarding the information given above) Which of the following is Hessian determinant of the above problem O a. H=-16 O b. H|=14 O c. H=16 O d. H|=-14

If a perfectly competitive firm which produces two commodities, has the cost function C = 2Q² + 2Q? where Q1 and Q2 denote the production level of commodity 1 and commodity 2 respectively. (Note: There are 3 questions in the test regarding the information given above) Which of the following is Hessian determinant of the above problem O a. H=-16 O b. H|=14 O c. H=16 O d. H|=-14

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter2: Mathematics For Microeconomics

Section: Chapter Questions

Problem 2.2P

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If a perfectly competitive firm which produces two commodities, has the cost function C = 2Q? + 2Q? where Q1 and Q2 denote the production level of commodity 1 and commodity 2 respectively. (Note: There are 3 questions in the test regarding the information given above) Which of the following is Hessian determinant of the above problem O a. H=-16 O b. H|=14 O c. H=16 O d. H|=-14
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