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Suppose a producers production function is f(x1x2)=5x1x2

The price of x1 is 20 and the price price of x2 is 80

The firm wants to produce 80 units

What is the least costly way for the firm to produce 80 units?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9866773

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