13. Suppose you have a production technology given by f(x1,x2) = min{2r1, r2} and you are producing at the point where r = 10 and r2 = 20. what we mean (generally) by the 'marginal product' of an input in production.
13. Suppose you have a production technology given by f(x1,x2) = min{2r1, r2} and you are producing at the point where r = 10 and r2 = 20. what we mean (generally) by the 'marginal product' of an input in production.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 2SQ
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