Assume the following production functions for x in the production of y1 and y2. Find the rate of ...

Question

Question

Assume the following production functions for x in the production of y₁ and y₂. Find the rate of product transformation of y₁ and y₂.

Y1 = ax^b and Y2=cx^d

Answer 1

Answer #1

Rato ab 2 ab

Answer 2

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