(Answered) A companys production function is qs05a05 pspa1 are the

Economics

A company's production function is Q=s^0.5a^0.5, Ps=Pa=$1, are the prices of steel and aluminum, and the company has a total budget of $2000 to spend on these inputs, and if the market price of the output is $3 per unit, then:

What is the optimal input mix of steel and aluminum?

What will be its optimal output, revenues cost, and profits?

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Business Economics, Economics

Category:- Business Economics
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