4.13 By studying, Will can produce a higher grade, GW, on an upcoming economics exam. His production
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4.13 By studying, Will can produce a higher grade, GW, on an upcoming economics exam. His production function depends on the number of hours he studies marginal analysis problems, A, and the number of hours he studies supply and demand problems, R. Specifically, GW = 2.5A0.36R0.64. His roommate David’s grade production function is GD = 2.5A0.25R0.75.
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