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Suppose that p x y represents the production of a two product firm The company...

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Calculus

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Suppose that p x y represents the production of a two product firm The company produces x units of the first product at a cost of c each and y units of the second product at a cost of c each The budget constraint B is a constant given by the following formula Use the method of Lagrange multipliers to find the value of in terms of p Py C and c The resulting equation holds for any production function p and is called the Law of Equimarginal Productivity B C X C Y Choose the correct answer below OA Px C Py C Px Py OB O C OD C C Py Px C C C C Px Py W

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