A firm has the production function f(x₁, x₂) = x¹¹x^0.50₂. The isoquant on which output is has the equation A) x₂ = 30x^-²¹. B) x₂ = 30x²¹. C) x₂ = 30x^-^0.50₁. D) = 2. E) x₁ = 0.50x^-^0.50₂.

Question

Quizplus · Accepted Answer

The Answer of A firm has the production function f(x₁, x₂) = x¹¹x^0.50₂. The isoquant on which output is has the equation A) x₂ = 30x^-²¹. B) x₂ = 30x²¹. C) x₂ = 30x^-^0.50₁. D) = 2. E) x₁ = 0.50x^-^0.50₂.

A Firm Has the Production Function F(x1, X2) = X11x0

A Firm Has the Production Function F(x₁, X₂) = X¹¹x⁰