Mathematics, 28.09.2019 02:30 laurenec49

Afirm has the production function f(x1, x2) = (√ x1 + 3 √ x2) 2 . the price of factor 1 is w1 = 1 and the price of factor 2 is w2 = 1. find the cheapest way to produce 16 units of output and calculate the total production cost.

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Afirm has the production function f(x1, x2) = (√ x1 + 3 √ x2) 2 . the price of factor 1 is w1 = 1 an...