If a Competitive Firm Uses Two Inputs and Has the Production

question 43

True/False

If a competitive firm uses two inputs and has the production function F(x1, x2)= x^1/21 + x^1/2 2, then its marginal cost curve is horizontal.

---

Definitions:

Evolutionary Psychology

A theoretical approach in psychology that examines mental structure from a modern evolutionary perspective, focusing on how evolutionary principles such as natural selection have shaped the mind and behavior.

William James

An American philosopher and psychologist, often referred to as the father of American psychology, known for his works on pragmatism and functionalism.

Evolutionary Psychology

The study of how evolutionary principles help explain the structure and function of the human mind.

Cultural Psychologist

A psychologist who studies how cultural traditions and social practices influence human behavior, thoughts, and emotions.