The Production Function Is F(x₁, X₂)=x^1/2₁x^1/2₂

question 16

Multiple Choice

the production function is f(x₁, x₂) =x^1/2₁x^1/2₂.If the price of factor 1 is $14 and the price of factor 2 is $7, in what proportions should the firm use factors 1 and 2 if it wants to maximize profits?

• A)x₁ = 0.50x₂.
• B)x₁ =x₂.
• C)We can't tell without knowing the price of output.
• D)x₁ = 2x₂.
• E)x₁ =7x₂.

Apply the DSM-5 criteria to assess substance-use disorders in individuals.

Acquire skills in gathering comprehensive substance use histories from clients.

Conduct effective mental status assessments for clients under the influence of substances.

Interpret lab test results to identify signs of excessive substance use.

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Definitions:

Appraisers

Professionals who assess the value of properties, goods, or financial instruments, often for the purpose of taxation, sales, or financing.

Dumping

The practice of selling a product in a foreign market at a price that is lower than the domestic market or below the cost of production.

Price Discrimination

The strategy of selling the same product or service at different prices to different groups of customers, often based on willingness to pay, market demand, or other factors.

Exporting

The process of selling and shipping goods or services from one country to another.