Let the production function for deer be: f(x_1,x_2) = (2x_1 + x_2)^1/2 where x1 is the amount
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Question:
Let the production function for deer be:
f(x_1,x_2) = (2x_1 + x_2)^1/2
where x1 is the amount of plastic and x2 is the amount of wood used.
If the cost of plastic is $4 per unit and the cost of wood is $4 per unit, then the cost of producing 8 deer is:
I am having a hard time with the calculus part of finding the two partial derivatives of the production function.
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