y = x1% x2 and x 2 is fixed at 81; the cost of input x1 is w 1=5; the cost of input x2 is w 2 = 3; p =10 Which expression is the correct expression of profits? T = X1 2 x 2 4 - x 1 x 2 TT = 10x1½ 81% - 5x1 -3(81) = 30x12 . 5x1 - 243 TT = xq% 814 - 5x1 -3(81) = 3x1½ - 5x1 - 243 п-х181- х1- 81 %3D 3х1 -х1-81
y = x1% x2 and x 2 is fixed at 81; the cost of input x1 is w 1=5; the cost of input x2 is w 2 = 3; p =10 Which expression is the correct expression of profits? T = X1 2 x 2 4 - x 1 x 2 TT = 10x1½ 81% - 5x1 -3(81) = 30x12 . 5x1 - 243 TT = xq% 814 - 5x1 -3(81) = 3x1½ - 5x1 - 243 п-х181- х1- 81 %3D 3х1 -х1-81
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
Problem 3.4CE
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