M Mark F New member Dec 1, 2009 #1 If a perfectly competitive firm produces goods with the following technology: Y= min (2X1, 3X2) where X1 and X2 are the inputs and Y is the output. The unit cost of both x1 and x2 is 100. Find the minimum cost of producing 300 units of output.
If a perfectly competitive firm produces goods with the following technology: Y= min (2X1, 3X2) where X1 and X2 are the inputs and Y is the output. The unit cost of both x1 and x2 is 100. Find the minimum cost of producing 300 units of output.
