A Firm's Production Function Is Q = 26x0

question 38

Multiple Choice

A firm's production function is q = 26x0.33y0.67, where x and y are the amounts of factors x and y that the firm uses as inputs.If the firm is minimizing unit costs and if the price of factor x is 6 times the price of factor y,the ratio in which the firm will use factors x and y is closest to

• A)x/y = 0.08.
• B)x/y = 0.25.
• C)x/y = 0.50.
• D)x/y = 2.40.
• E)x/y = 12.

Understand the process of throwing and catching exceptions.

Comprehend how exceptions can be defined and used to control program flow.

Understand the importance of the order of catch blocks.

Recognize common methods of the Throwable class and their usage.

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Definitions:

Net Present Value

An economic indicator for assessing an investment's gainfulness, which involves the deduction of the present value of cash expenditures from the present value of cash receipts over a certain period.

Minimally Required

The least amount that is necessary or allowed, especially in the context of financial or regulatory requirements.

Cash Inflows

Money or the amount of money received by a business from its operational, financing, and investing activities.

Mutually Exclusive

Situations or options that cannot occur or be chosen at the same time.