Suppose that Al Deardwarf from the last problem cannot vary the amount of wood that he uses
Question:
(a) How much plastic would Al need in order to make 100 deer?
(b) If the cost of plastic is $1 per unit and the cost of wood is $1 per unit, how much would it cost Al to make 100 deer?
(c) Write down Al’s short-run cost function at these factor prices.
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