Question: Solve for the optimal inputs for Example 4.9. Example 4.9: Consider the CobbDouglas production function considered in Example 4.5. Suppose that a unit of x1

Solve for the optimal inputs for Example 4.9.

Example 4.9:

Consider the Cobb–Douglas production function considered in Example 4.5. Suppose that a unit of x1 is $10 and a unit of x2 is $20. Further, we desire an output of 200 units. We get

C(y,c)= min {10x, +20x : 10x5x25 > 20}.

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