Question: Suppose that the production function is given by y = X10.5X20.3 What would be the level of y and profit when profit is maximized? [3

Suppose that the production function is given by y = X10.5X20.3

Suppose that the production function is given by y = X10.5X20.3 What would be the level of y and profit when profit is maximized? [3 points] b ) What would be an economic interpretation of the Lagrangean multiplier 1 from this problem [3 points ]

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