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The set of feasible netputs is Y = {(0, 0), (-5,9), (-8, 11)} CR. a. As a function of p >> 0, give the y*
The set of feasible netputs is Y = {(0, 0), (-5,9), (-8, 11)} CR. a. As a function of p >> 0, give the y* (p) that solves the problem maxyEy P y. b. Interpret your results using average productivity of the input and the relative prices of inputs and outputs. c. Partially check your answer by verifying that the Law of Supply and De- mand holds
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