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

Question: A firm has two variable factors and a production function, f ( x 1 , x 2 ) = x 1 1 / 2 x

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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