Consider the production function of a crop Y that uses two inputs X and X, Y...
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• Consider the production function of a crop Y that uses two inputs X₁ and X₂, Y = X5X₂. If Px₁=K3, Px₂= K1 and Py=K10, at what levels of X₂ and X₂ will the farmer maximise his net returns? • Consider the production function of a crop Y that uses two inputs X₁ and X₂, Y = X5X₂. If Px₁=K3, Px₂= K1 and Py=K10, at what levels of X₂ and X₂ will the farmer maximise his net returns?
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