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Q.No.3. (a) What is the input use level for total value product maximization for the following function? y = x 1 + 0.1 x 1

Q.No.3. (a) What is the input use level for total value product maximization for the following function?

y = x1 + 0.1x12 - 0.05x13 + x2 + 0.1x22 - 0.05x23

Q.No.3. (b) Briefly make a comparison between output maximization criteria and profit maximization criteria with respect to necessary and sufficient conditions?

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