Nadine has production function 2*X1+X2. If the factor
price are $8 for factor 1 and $5 for factor 2, how much
will it cost her to produce 70 units of output?
a.$1470
b.$280
c.$350
d.$910
e.$315
答案是b.
我的算法是:
TRS=X2/X1=8/5
X2=8/5*X1代入product function
→70=2*X1+8/5*X1
→X1=175/9 X2=280/9
cost=2*175/9+280/9=40.....
答案跟選項完全不符合阿!!
請問我的做法哪裡出錯了呢....?
希望版上的高手能幫幫忙解決我的疑惑
謝謝O_Q
--
price are $8 for factor 1 and $5 for factor 2, how much
will it cost her to produce 70 units of output?
a.$1470
b.$280
c.$350
d.$910
e.$315
答案是b.
我的算法是:
TRS=X2/X1=8/5
X2=8/5*X1代入product function
→70=2*X1+8/5*X1
→X1=175/9 X2=280/9
cost=2*175/9+280/9=40.....
答案跟選項完全不符合阿!!
請問我的做法哪裡出錯了呢....?
希望版上的高手能幫幫忙解決我的疑惑
謝謝O_Q
--
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