Find the input demand function

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Find the input demand function for x1 assuming that input x2 is allowed to vary. What happens to the demand for x1 when the price of x2 declines? What is the own-price elasticity of demand for input x1? What is the cross-price elasticity of demand for x1 (the elasticity of demand for input x1 when the price of input x2 changes)? What is the output or product-price elasticity of demand for input x1?

Reference no: EM133394062

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