Question: c) There is a perfectly competitive rm producing output f(y) from y inputs according to the production function rm = J? The price of a

c) There is a perfectly competitive rm producing output f(y) from y inputs according to the production function rm = J? The price of a unit of output is 2 and the price of the input is 1. Negative levels of y are not permitted. Also, the firm cannot purchase more than k units of the input. Set this Kuhn-Tucker optimization problem up mathematically, and solve it. (30)

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