Question: Consider the production function of a crop Y that uses two inputs X and X, Y = X5X. If Px=K3, Px= K1 and Py=K10,
Consider the production function of a crop Y that uses two inputs X and X, Y = X5X. If Px=K3, Px= K1 and Py=K10, at what levels of X and X will the farmer maximise his net returns?
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