Question: Consider the production . 1/ 4 2 3/ 4 Y X1 X Find the least cost combination of X1 and X2 to produce 12 units

Consider the production . 1/ 4 2 3/ 4 Y X1 X Find the least cost combination of X1 and X2 to produce 12 units of Y when: i. 3; 1 1 2 PX PX [5] ii. 48; 1 1 2 PX PX

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