Question: Consider a firm that maximizes profit function subject to the input constraint 22? + y2 - 3 where r, yare inputs in the production. Find
Consider a firm that maximizes profit function subject to the input constraint 22? + y2 - 3 where r, yare inputs in the production. Find the extra profits garnered by the firm if the input constraint is relaxed by changing 3 to 3.3. Consider only positive values for optimal inputs and the multiplier Select one: O a. 0.15 O b.0.5 O c. 1.15 O d. 0.3
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