=+B.** Suppose your production technology is characterized by the production function x 5 f1,, k2 5 a
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=+B.** Suppose your production technology is characterized by the production function x 5 f1,, k2 5 a
1 1 e 21,2b2 1 e 21k2g2
(12.56)
where e is the base of the natural logarithm. Given what you might have learned in one of the end-of-chapter exercises in Chapter 11 about the function x 5 f1,2 5 a/11 1 e 21,2b2 2, can you see how the shape in Graph 12.16 emerges from this extension of this function?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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