Question: Suppose the joint cost function for x units of product X and y units of product Y is given by C(x, y) = 2500 xy
Suppose the joint cost function for x units of product X and y units of product Y is given by
C(x, y) = 2500 √xy + 1 dollars
Find the marginal cost with respect to
(a) x.
(b) y.
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