Multiple Choice
if the price of the output good is $4, the price of factor 1 is $1, and the price of factor 2 is $3, what is the profit-maximizing amount of factor 1?
A) 8
B) 2
C) 1
D) 0
E) There is not enough information to tell.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: the production function is given by
Q7: the production function is given by F(L)=6L<sup>2/3</sup>.Suppose
Q8: the production function is given by f(x)=
Q9: The production function is given by F(L)=6L<sup>2/3</sup>.Suppose
Q10: the production function is given by F(L)=
Q12: the production function is given by F(L)=6L<sup>2/3</sup>.Suppose
Q13: the production function is f(x<sub>1</sub>, x<sub>2</sub>)= x<sup>1/2</sup><sub>1</sub>x<sup>1/2</sup><sub>2</sub>.If
Q14: when Farmer Hoglund applies N pounds of
Q15: the production function is f(x<sub>1</sub>, x<sub>2</sub>)= x<sup>1/2</sup><sub>1</sub>x<sup>1/2</sup><sub>2</sub>.If
Q16: the production function is f(x<sub>1</sub>, x<sub>2</sub>)=x<sup>1/2</sup><sub>1</sub>x<sup>1/2</sup><sub>2</sub>.If the