Multiple Choice
A competitive firm uses two inputs, x and y.Total output is the square root of x times the square root of y.The price of x is $17 and the price of y is $11.The company minimizes its costs per unit of output and spends $517 on x.How much does it spend on y?
A) $766
B) $480
C) $655
D) $517
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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