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5. (A Firm's Profit) Suppose that a firm produces 3 types of output, using 2 types of input. Its
output quantities are given by the column vector q=15,00027,00013,000 and their unit prices are
given by p=10125 The amounts of inputs the firm uses are given by the column vector z=[11,000
30,000]. and the input prices by w=[208]. Using these data, find the expression of the firm's profit
in a matrix form and compute the profit.

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5 A Firms Profit Suppose that a firm produces 3 types of.pdf

  • 1. 5. (A Firm's Profit) Suppose that a firm produces 3 types of output, using 2 types of input. Its output quantities are given by the column vector q=15,00027,00013,000 and their unit prices are given by p=10125 The amounts of inputs the firm uses are given by the column vector z=[11,000 30,000]. and the input prices by w=[208]. Using these data, find the expression of the firm's profit in a matrix form and compute the profit.