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Unformatted text preview: c ( x ) = ax , > 1 and the firms profits are given by = Px " ax # , then a profitmaximizing firm will operate where P = ax " 1 , implying input demand is: x = P a " # $ % & 1 ( 1 If you are a bit rusty, dont be intimidated. We will progress gradually with the mathematical analyisis....
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This note was uploaded on 11/16/2008 for the course ECON 101 taught by Professor Wood during the Spring '07 term at University of California, Berkeley.
 Spring '07
 Wood
 Economics

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