Question
1.A competitive firm uses two inputs, x and y. total output q is given by q=x 1/2 y 1/2 . The price of x is
1.A competitive firm uses two inputs, x and y. total output q is given by q=x1/2y1/2. The price of x is $17 and the price of y is $11. The company minimizes its costs per unit of output and spends $517 on x. How much does it spend on y?
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Managing Human Resources
Authors: Susan E Jackson, Randall S Schuler, Steve Werner
12th Edition
0190857560, 9780190857561
