Question: Question [2]: Let us try a somewhat (ok, very) contrived problem with a transformation function. Suppose that there are 3 goods: (91, 1/2, y3). We

Question [2]: Let us try a somewhat (ok, very) contrived problem

Question [2]: Let us try a somewhat (ok, very) contrived problem with a transformation function. Suppose that there are 3 goods: (91, 1/2, y3). We measure them as netputs. Let the transformation function be given by F(y) = max {y1, 92) - V-ya (admittedly, it is now obvious that good 3 needs to be the input, since we are not going to have complex numbers for an output.). Derive the netput and profit functions for the profit maximizing firm

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