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please solve the question
Suppose a firm produces output y with two inputs z 1 and z 2 using the production technology y
= min { z 1 , z 2 } The output and and imput prices are given by p and ( w 1 , w 2 ) respectively.
Which of the following represents the net stpply function of input z i ? (a) z i ( p , w 1 , w 2 ) = 4
( w 1 + w 2 ) 2 p 2 (b) z i ( p , w 1 , w 2 ) = 4 ( w 1 + w 2 ) 2 p 2 (c) z i ( w 1 , w 2 , y ) = y 2 (d)
z i ( w 1 , w 2 , y ) = y 2

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please solve the question Suppose a firm produces output y with two i.docx

  • 1. please solve the question Suppose a firm produces output y with two inputs z 1 and z 2 using the production technology y = min { z 1 , z 2 } The output and and imput prices are given by p and ( w 1 , w 2 ) respectively. Which of the following represents the net stpply function of input z i ? (a) z i ( p , w 1 , w 2 ) = 4 ( w 1 + w 2 ) 2 p 2 (b) z i ( p , w 1 , w 2 ) = 4 ( w 1 + w 2 ) 2 p 2 (c) z i ( w 1 , w 2 , y ) = y 2 (d) z i ( w 1 , w 2 , y ) = y 2