2) Find the exact production elasticity of the production
function Y= 10X - X^2, when X= 5.
The production function is given as:
Y = 10X - X2
The elasticity can be calculated by differentiating the production function with respect to X.
Differentiating with respect to X:
dY/dX = 10 - 2X
It is given that X = 5.
Substituting the value of X:
dY/dX = 10 - 2(5) = 10 - 10 = 0.
So, the production elasticity is equal to 0.
2) Find the exact production elasticity of the production function Y= 10X - X^2, when X=...
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