A certain company is trying to produce a certain level of output with minimum costs. They are trying to produce output level of 100. They have two factors of production x1and x2.Their production function is Y=X1^(1/3)*X2^(1/3)
Minimize costs and find the conditional factor demands. Express the minimum cost.
All the calculations and simplifications of formulas.
Tags produce trying company certain economics minimum production certain output costs level trying produce expre demands cost calculations simplifications factor formulas x2their factors company x1and function minimize yx113x213 conditional
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