Question
A firm's production function is Q = min {x, y} + z where x, y and z are the inputs and Q is the quantity
A firm's production function is Q = min {x, y} + z where x, y and z are the inputs and Q is the quantity of output. If pz < py < px then what is the proportion of each input will the firm use to minimize cost?
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World Economic And Social Survey 2012 In Search Of New Development Finance
Authors: United Nations Department Of Economic And Social Affairs
1st Edition
9210555112, 9789210555111
