Answer to Question #202349 in Economics for Chulumanco

Question

Given the following production function:

Y = 100-3X12 +4X1+2 X1X2 – 5 X2 +48 X2

1. Find the marginal physical product function with respect to X1
2. Find the marginal physical product function with respect to X2
3. Determine the least cost combination of the two inputs  X1 and  X2

Answer 1

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