A conpetidive fimis praduction fonctian is1/310t x-1220)"3, The price of the input%3D20 is:) Show Ahat the firim's tatal (2atetg cly)cuSve s(y-10)-a dhow thot the minimum 2f the bso monginaland the wninimum(2st.Cuve is atthe outaage=15CastCUnve is at3 Detensinethe finm's dupkiy function A)

Given: Firm's production function: y=10+(x-1000)1/3 Price of input x, w=1

A Conpetidive finmis praduction functian is ge (x-1220)3, The price of the inpust %3D 10 t 24 is ) Show Ahat the fisim's tatalh (2st ety cly) cuSve s a Ahow hhot the minimum he bsoa monginal (ast. is at y= 10, andthe minimsm the ovtanage Cast CUnve is at 3) Detemeine the fian's bupbly fonction(A)

A Conpetidive finmis praduction functian is ge (x-1220)3, The price of the inpust %3D 10 t 24 is ) Show Ahat the fisim's tatalh (2st ety cly) cuSve s a Ahow hhot the minimum he bsoa monginal (ast. is at y= 10, andthe minimsm the ovtanage Cast CUnve is at 3) Detemeine the fian's bupbly fonction(A)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

A conpetidive fimis praduction fonctian is
1/3
10t x-1220)"3, The price of the input
%3D
20 is
:) Show Ahat the firim's tatal (2at
etg cly)
cuSve s
(y-10)-
a dhow thot the minimum 2f the bso monginal
and the wninimum
(2st.
Cuve is at
the outaage
=15
Cast
CUnve is at
3 Detensine
the finm's dupkiy function A)

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