ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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What are the conditional demands for input C and E?
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Transcribed Image Text:What are the conditional demands for input C and E?
Being driven by the high profit from digital asset trading, Doggycoin, Sulfikar has decided to set-up his own digital mining company. Let's assume that two main essential inputs in digital asset production be the high-quality graphic card (C) and electricity (E). After observing the business for few months, he finds the production function as Cobb-Douglas technology as the following: q(C, E) = CªE® Where q is continuous, strictly increasing, and strictly quasi-concave and q(0) = 0.
expand button
Transcribed Image Text:Being driven by the high profit from digital asset trading, Doggycoin, Sulfikar has decided to set-up his own digital mining company. Let's assume that two main essential inputs in digital asset production be the high-quality graphic card (C) and electricity (E). After observing the business for few months, he finds the production function as Cobb-Douglas technology as the following: q(C, E) = CªE® Where q is continuous, strictly increasing, and strictly quasi-concave and q(0) = 0.
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