A Firm Has the Production Function F(x₁, X₂)= X¹¹x⁰

question 2

Multiple Choice

A firm has the production function f(x₁, x₂) = x¹¹x^0.50₂.The isoquant on which output is 30^5/10 has the equation

• A)x₂ = 30x^-21.
• B)x₂ =30x²¹.
• C)x₂ = 30x^-0.50₁.
• D)x₁/x₂ = 2.
• E)x₁ =0.50x^-0.50₂.

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Definitions:

Craft Union

A labor union representing workers who are skilled in a specific craft or trade.

Industrial Union

A labor union organizing method where all workers in the same industry, regardless of job function, are organized into a single union.

Apprenticeships

Structured training programs that combine on-the-job training with classroom instruction for a particular occupation.