A Firm Has the Production Function F(x₁, X₂)= X⁰

question 16

Multiple Choice

A firm has the production function f(x₁, x₂) = x^0.60₁x^0.30₂.The isoquant on which output is 80^3/10 has the equation

• A)x₂ = 80x^-2₁.
• B)x₂ = 80x^3.33₁.
• C)x₁/x₂ = 2.
• D)x₂ = 80x^-0.30₁.
• E)x₁ = 0.30x^-0.70₂.

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Definitions:

Cache Memory

A small-sized type of volatile computer memory that provides high-speed data access to the processor and stores frequently used computer programs, applications, and data.

CPU

The Central Processing Unit is the main element in a computer responsible for carrying out the majority of computational tasks.

Control Unit

The component of a computer's central processing unit (CPU) that directs the operation of the processor.

Overclocking

The practice of increasing the clock speed of a computer's component, such as the CPU, beyond the manufacturer's specifications to achieve higher performance.