A Firm with the Production Function F (X1, X2, X3

question 51

Multiple Choice

A firm with the production function f (x1, x2, x3, x4) = min{x1, x2, x3, x4} faces input prices w1 = $1, w2 = $5,w3 =$5, w4 = $3 for factors 1, 2, 3, and 4.The firm must use at least 10 units of factor 2.The lowest cost at which it can produce 100 units of output is

• A)$800.
• B)$440.
• C)$1,400.
• D)$770.
• E)$400.

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Definitions:

Diagnosis

The process of determining which disease or condition explains a person's symptoms and signs.

Sympathetic Nervous System

A part of the autonomic nervous system that prepares the body for physical activity by increasing heart rate, dilating airways, and mobilizing energy stores, among other functions.

Parasympathetic Nervous System

The division of the autonomic nervous system that conserves energy and restores the body to a state of calm.

Fight-Or-Flight

A physiological response to perceived threats, preparing the body to fight or flee.