A firm has the production function f(x1, x2) = 4(x1)x2 + 2-3. The price of input...
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A firm has the production function f(x1, x2) = 4(x1)x2 + 2-3. The price of input 1 is w, the price of input 2 is w2 = 1 and the price of output is p. (a) Find the marginal product of input 1. A firm has the production function f(x1, x2) = 4(x1)x2 + 2-3. The price of input 1 is w, the price of input 2 is w2 = 1 and the price of output is p. (a) Find the marginal product of input 1.
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