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5. What output mix should a profit maximizing firm produce when its total profit function is x= 80x- 2x-xy-3y+ 100y and its maximum capacity
5. What output mix should a profit maximizing firm produce when its total profit function is x= 80x- 2x-xy-3y+ 100y and its maximum capacity is x+y = 11? Estimate the effect on profits if output capacity is expanded by 1 unit. 10
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
