Goodmorning! Could you please help me with this one? Thank you! Exercise 01 # 2 Econ 102

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Goodmorning! Could you please help me with this one? Thank you!

Exercise 01 # 2 Econ 102 June 2020 The production function is /(2) = 20x -23 and the price of output is normalized to 1. Let u be the price of the x-input. We must have a 2 0. (a) What is the first-order condition for profit maximization if > > 07 (b) For what values of w will the optimal a be zero? (c) For what values of w will the optimal z be 107 (d) What is the factor demand function? (e) What is the profit function? (f) What is the derivative of the profit function with respect to w? Code 21 N

Posted Date: Jun 25, 2024 11:51 PM

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Goodmorning! Could you please help me with this one? Thank you! Exercise 01 # 2 Econ 102

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