A Firm Has Two Variable Factors and a Production Function

question 9

True/False

A firm has two variable factors and a production function f(x₁, x₂)= (2x₁ +4x₂)^1/2.The technical rate of substitution between x₁ and x₂ is constant.

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Definitions:

Macro Instance

A specific occurrence where a macro (a sequence of instructions or declarations that can be included in the code) is expanded.

#define Statement

A preprocessor directive used in C/C++ for macro definition to create symbolic constants or to perform macro substitution.

Typedef

A keyword in C and C++ for defining new names (aliases) for existing data types, enhancing code readability and maintainability.