Production Analysis


Question Description:

25

Production Analysis 2 answers below » Question 1 .Read Table 7.4 (see page 1 attached doc.) and solve the following: When P X = $20, MP X = 50 and MR Q = $6, the marginal revenue product of X equals —? Question 2 .For a firm depicted in Figure 7.3 (see page 1 attached doc.)the total output is maximized at…. Justify. Attachments: Homework-page….pdf Nov 14 2014 07:22 AM

Answer

25