ECON 4001.01 Lecture Notes - Lecture 21: Myelin Protein Zero, Xz, Order Of Merit

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1 technologicalfeasibility y f l x x c. X 4w wyw x i50cost lines the cost minimizationproblem find thepoint on the is09want that has the lowest possible isocost lineassociatedwith it. Mp lx xz o x t mpz x xc dx. Xi l wi wz y solutionto cost minproblems and it tells how much of x xu. I needto use to produceg units ofoutput in thecheapestway possible. Tc w x cw wz y t wzcwi wz y d. C lwi wz y w x t wsx y l w t wl. 2 perfect substitutes y x t x a w i s wz. Cl w wz y minf w y w y y wi n f w i w2. I min tc subjectto f l x xa. Crs f dx 2xz lf x xz zrs i f c2x 2x. Drs i f l2x lx c 2f x xu.

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