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ECONOMICS 301 - A certain company is trying to produce

Question # 00621662
Subject: Economics
Topic: General Economics
Due on: 11/25/2017
Posted On: 11/25/2017 04:55 AM

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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.

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ECONOMICS 301 - A certain company is trying to produce

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