My question: A guy sells lemonade in a competitive market. His...

Question

# My question: A guy sells lemonade in a competitive market. His...

My question:

A guy sells lemonade in a competitive market. His production function is f(x1,x2)=x11/3 x x21/3

Where 1/3 above is raised to 1/3

Output in gallons

X1=number of pounds

X2=number of labor hours

W1=\$27 pound of lemons

W2=\$1 wage rate

At cost minimizing input bundle, how much labor-hours are spent per pound of lemons?

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10,000 step-by-step explanations

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## Step-by-step explanation

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