If a Firm's Production Function Is F(z₁,z₂)= Z₁ + Z₂

question 21

Multiple Choice

If a firm's production function is f(z₁,z₂) = z₁ + z₂, its minimum cost of producing y units of output is:

• A)y min(w₁,w₂).
• B)y(w₁ + w₂).
• C)y(w₁ + w₂)/2.
• D)yw₁, if w₁ < w₂.

---

Definitions:

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural heritage, and as the second-largest country by total area globally.

Geological Theory

A foundational principle in geology that explains the structure of the Earth’s crust and the processes that shape it over time, including plate tectonics and erosion.

Deposits

Materials laid down or settled from a state of suspension or solution in a fluid, often referring to geological or financial contexts.