A Competitive Firm with Output Y Has a Production Function

question 12

Multiple Choice

A competitive firm with output y has a production function y = , where x1 and x2 are inputs used in production. The firm produces the output minimizing cost. With input prices w1 and w2, which of the following is true?

• A) The firm has L-shaped isoquants.
• B) The firm must use the cheaper input.
• C) The firm must use only input x₁ if w₁ < 2w₂.
• D) The technology has increasing returns to scale.
• E) More than one of the above is true.

Understand genetic and phenotypic outcomes of various reproduction methods.

Describe the mechanisms by which plants sense environmental cues and adapt their reproductive strategies.

Understand the genetic pathways that regulate flowering in angiosperms.

Describe the characteristics of imperfect, complete, and perfect flowers and their reproductive parts.

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Definitions:

Monozygotic Twins

Twins that develop from a single fertilized egg and are genetically identical.

Dizygotic Twins

Also known as fraternal twins, these are two siblings born at the same time who have developed from two different eggs fertilized by two different sperm cells.

Homozygous

Describes an organism with two identical alleles for a particular trait or gene.

Heterozygous

Possessing two different alleles of a gene, one inherited from each parent, resulting in variation of a genetic trait.