The production function is given as fx1 x2 x12 x2 In the s

The production function is given as f(x₁, x₂) = x₁² x_{2 .} In the short run, x₂ is fixed at 1. The cost of x₁ is $2 per unit and cost of x₂ is $4. In order to produce 169 units as a desired output, how much is the total cost?

a. 6

b. 13

c. 25

d. 30

Ans 30 is real answer

The reason is we need to 13 x1 to produce 169 units becsuse( 13)²(1)=169.now cost of 13=13(2)=26 and cost of 1 x2 is 24.so total cost=26+4=30

The production function is given as f(x1, x2) = x12 x2 . In the short run, x2 is fixed at 1. The cost of x1 is $2 per unit and cost of x2 is $4. In order to pro

The production function is given as fx1 x2 x12 x2 In the s

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