If a firm uses only two inputs X1 and Y2 to produce output Y, assuming short-run profit

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If a firm uses only two inputs X1 and Y2 to produce output Y, assuming short-run profit maximization, show graphically the firm's optimal level of output and input. Derive the optimality condition in this case.

Posted Date: Jun 22, 2024 04:04 AM

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If a firm uses only two inputs X1 and Y2 to produce output Y, assuming short-run profit

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