A Competitive Firm with Output Y Has a Production Function

question 11

Multiple Choice

A competitive firm with output y has a production function y = (2x₁ + x₂) ^1/2, 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 the sociological definitions and characteristics of family and marriage.

Grasp the impact of social structures and theories (e.g., conflict theory, functionalism, symbolic interaction theory) on family dynamics.

Identify how historical periods, such as industrialization, shaped family roles and structures.

Recognize the influence of gender roles and expectations on family and social institutions.

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