A firm has two variable factors and a production function, f ( x 1 , x 2 ) x 1 1 2 x 1 2 4 The price of its output is 4 Factor 1 receives a wage of w 1 and factor 2 receives a wage of w 2 ...

a Write an equation that says that the value of the marginal product o ...

A firm has two variable factors and a production function, f ( x 1 , x 2

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A firm has two variable factors and a production function, f (x₁, x₂) = x¹₁^/²x¹₂^/⁴. The price of its output is 4. Factor 1 receives a wage of w₁ and factor 2 receives a wage of w₂.

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Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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Question Posted: Dec 18, 2015 04:34 AM

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A firm has two variable factors and a production function, f ( x 1 , x 2

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Intermediate Microeconomics

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