Unformatted text preview: D ( u,x ) = x β 1 1 x β 2 2 u α 1 1 u α 2 2 . (a) What restrictions on the parameters are needed for this to be a legitimate distance function? (b) Derive the cost function. (c) Derive the proﬁt function and the supply and demand functions....
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This note was uploaded on 07/06/2009 for the course ECON 200a taught by Professor Russell during the Fall '08 term at UC Riverside.
- Fall '08