Irma's Production Function Is F(x1, X2) =

question 40

Multiple Choice

Irma's production function is f(x1, x2) = . If the price of factor 1 is w1 = $3 and the price of factor 2 is w2 = $4, then her supply function is given by the equation

• A) S(p) = p(min{w1, 2w2})2.
• B) S(p) =.
• C) S(p) = p(max{w1, 2w2})2.
• D) S(p) = 5p.
• E) S(p) = min{3p, 8p}.

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