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

question 21

Multiple Choice

A firm has the production function $f(x₁, x₂) = x¹₁x^0.50₂.The isoquant on which output is 80^5/10 has the equation

• A)x₁/x₂ = 2.
• B)x₂ = 80x^-0.50₁.
• C)x₂ =80x^-2₁.
• D)x₂ =80x²₁.
• E)x₁=0.50x^-0.50₂

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Definitions:

Exculpatory Clause

A clause in a contract that releases a party from liability for his or her wrongful acts. These clauses are not favored by law.

Geographical Area

Refers to a specific physical region or location defined by natural or artificial borders.

Minor

A person under the legal age of adulthood, which varies by jurisdiction, typically below 18 years old.

Apprentice

A person who is learning a trade from a skilled employer, having agreed to work for a fixed period at low wages.