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Pls Who Can Answer This Economics Question - Education - Nairaland

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Please, Help Me Out With This Economics Question... / Please Who Can Solve This Economics Assignment / Please Someone Should Help Me With This Economics Assignment (2) (3) (4)

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Pls Who Can Answer This Economics Question by paste007(m): 2:40pm On Aug 28, 2021
Given a cost minimizing problem
Min b1x1 + b2x2 .............(1)
x1,x2

Y = f ( x1x2 ) ................(2)

1. Show and explain that the firm will always make a cost minimization.

2. Prove that the rate of technical Substitution must equal the factor price.
Re: Pls Who Can Answer This Economics Question by Phiniter(m): 3:05pm On Aug 28, 2021
first, find X, then when you finish,

find b,

after which you look for the value of y...

if at this point, you're not satisfied, then you can continue to look for the next alphabet, until you exhaust them...

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