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Suppose a firm has a Cobb-Douglas production function y=x 1 0.5 x 2 0.4 Derive the profit function for the producer if the producer is

Suppose a firm has a Cobb-Douglas production function y=x₁^0.5x₂^0.4

Derive the profit function for the producer if the producer is a price taker and the price of the output is p while the prices of the two inputs are w₁ and w₂, respectively.

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