Question: For the same Cobb - Douglas production function y = x 1 0 . 2 5 x 2 0 . 2 5 , and input
For the same CobbDouglas production function and input prices output price solve for the profit maximization from input perspective. Your solutions are
The optimal output is The maximum profit is Keep up to two decimal places for the calculation results. If you'd like to obtain partial credits in case your answers are wrong, please show your solving steps in the "Homework File Submission".
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