Question

2. A producer has an average production function as follows: PR-5+70/X-0.05X, where it is known that the price X (input) is equal to the value of Y (output), determine
a. Total production function and marginal production function!
b. For maximum total production, how much X should be used?
c. How much X must be used for optimum production?
d. How much profit, if PX = PY = 100​

Answer 1

Answer:

I did not know the answer of this question