The Production Function Is F(x₁, X₂) = ₁

question 7

Multiple Choice

The production function is f(x₁, x₂) = _1
2. If the price of factor 1 is $12 and the price of factor 2 is $24, in what proportions should the firm use factors 1 and 2 if it wants to maximize profits?

• A) x₁ = x₂.
• B) x₁ = 0.50x₂.
• C) x₁ = 2x₂.
• D) x₁ = 24x₂.
• E) We can't tell without knowing the price of the output.

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Definitions:

Center Support Bearing

A hanger bearing used to suspend the first section of a driveshaft in a double driveshaft assembly. It is required on truck driveshafts when the distance between the transmission and drive carrier exceeds 70 inches (178 cm) and consists of a rolling bearing element supported by a rubber insulator and bracket. Also known as hanger bearing.

Maximum Length

The greatest length allowed or possible for a given object, system, or dimension.

Torsional Vibrations

Oscillations or vibrations within a mechanical system caused by the twisting of an object around its axis, often leading to fatigue and failure in components.

Non-uniform Rotation

occurs when an object rotates at varying speeds, often leading to mechanical vibrations or inefficiencies in machinery.