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Consider the following profit function has been obtined from technology that uses singel input. (P, W)= P,W^B, were P is the output price , W
Consider the following profit function has been obtined from technology that uses singel input. (P, W)= P,W^B, were P is the output price , W is input price and B is a better parameter a)For which value if better of profit functionis real profit fuctionof production and demand for input. b)Calculate the supply function of the product and the demand for input
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