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Currently, ,Where MPs and MPa Are the Marginal Products

Question 35

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Currently, Currently, ,where MPs and MPa are the marginal products of steel and aluminum for a company whose production function is Q = s<sup>0.5</sup> a<sup>0.5</sup>.Ps = Pa = $1 are the prices of steel and aluminum,respectively,and the company has a total budget of $2 to spend on these inputs.If the market price of the output is $3 per unit,then how many units of s and a should the firm hire? What will be its output,revenue,costs,and profits? ,where MPs and MPa are the marginal products of steel and aluminum for a company whose production function is Q = s0.5 a0.5.Ps = Pa = $1 are the prices of steel and aluminum,respectively,and the company has a total budget of $2 to spend on these inputs.If the market price of the output is $3 per unit,then how many units of s and a should the firm hire? What will be its output,revenue,costs,and profits?

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