A firm has two variable factors and a production function y = (2x1 + 4x2) 1/2 .

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A firm has two variable factors and a production function y = (2x1 + 4x2)^1/2. Without taking any derivatives, determine the technical rate of substitution between x1 and x2.

Posted Date: Jun 13, 2024 02:07 PM

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A firm has two variable factors and a production function y = (2x1 + 4x2) 1/2 .

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