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Question 3

Multiple Choice

This problem will be easier if you have done Problem 1. A firm has the production function $f(x1, x2) = x0.401x0.202. The isoquant on which output is This problem will be easier if you have done Problem 1. A firm has the production function $f(x<sub>1</sub>, x<sub>2</sub>) = x<sup>0.40</sup><sub>1</sub>x<sup>0.20</sup><sub>2</sub>. The isoquant on which output is has the equation A) x<sub>2</sub> = 50x<sup>5</sup><sub>1</sub>. B) x<sub>2</sub> = 50x<sup>-</sup><sup>0.20</sup><sub>1</sub>. C) = 2. D) x<sub>2</sub> = 50x<sup>-</sup><sup>2</sup><sub>1.</sub> E) x<sub>1</sub> = 0.20x<sup>-</sup><sup>0.80</sup><sub>2</sub>. has the equation


A) x2 = 50x51.
B) x2 = 50x-0.201.
C) = 2.
D) x2 = 50x-21.
E) x1 = 0.20x-0.802.

Correct Answer:

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