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By studying, Will can produce a higher grade, Gw, on an upcoming economics exam. His production function depends on the number of hours he studies
By studying, Will can produce a higher grade, Gw, on an upcoming economics exam. His production function depends on the number of hours he studies marginal analysis problems, A, and the number of hours he studies supply and demand problems, R. Specifically, GW = 2.5A 0.51 R0.49 His roommate David's grade-production function is GD = 2.5A 0.47 p0.53
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