Question: Given: y = 100 TFC - $50 Px1 = $5 Py = $3 Pxo = $2 Labor Water MRS. Calculate the NIRS. . and insert

Given: y = 100 TFC - $50 Px1 = $5 Py

Given: y = 100 TFC - $50 Px1 = $5 Py = $3 Pxo = $2 Labor Water MRS. Calculate the NIRS. . and insert above. What is the price ratio that should be used to determine cost minimization combination? What is the least cost combination of inputs? What is the total cost of producing 100 units of output? in How much profit was made

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