Given the production function q = f(x) = 3.87 x min(0.4.x1, 0.6x2). price vector w =...
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Given the production function q = f(x) = 3.87 x min(0.4.x1, 0.6x2). price vector w = (w1, w2) and targeted output Q, what are correct about the conditional input demands x (w, Q) and the cost function C(w, Q)? Numerical results are rounded to the nearest 3-digit. Select one or more: Select one or more: O a (6, 5, 26) = 16.796 and C(6, 5, 26) = 156.761 O x (6, 5, 39) = 25.194 and C(6, 5, 39) = 235.142 O x(8, 8, 35) = 15.073 and C(8, 8, 35) = 254.466 O r(6, 6, 50) = 32.3 and C(6, 6, 50) = 322.997 Given the production function q = f(x) = 3.87 x min(0.4.x1, 0.6x2). price vector w = (w1, w2) and targeted output Q, what are correct about the conditional input demands x (w, Q) and the cost function C(w, Q)? Numerical results are rounded to the nearest 3-digit. Select one or more: Select one or more: O a (6, 5, 26) = 16.796 and C(6, 5, 26) = 156.761 O x (6, 5, 39) = 25.194 and C(6, 5, 39) = 235.142 O x(8, 8, 35) = 15.073 and C(8, 8, 35) = 254.466 O r(6, 6, 50) = 32.3 and C(6, 6, 50) = 322.997
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Intermediate Microeconomics and Its Application
ISBN: 978-0324599107
11th edition
Authors: walter nicholson, christopher snyder
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