A firm has the production function f(x 1 , x 2 )  x 11 x 0.50 2 .The isoquant on which output is 30 5/10 has the equationA) x 2  30x -21 .B) x 2  30x 21 .C) x 2  30x -0.50 1 .D) x 1 /x 2  2.E) x 1  0.50x -0.50 2 .

Question

A firm has the production function f(x 1 , x 2 )    x 11 x 0.50 2 .The isoquant on which output is 30 5/10  has the equationA) x 2     30x -21 .B) x 2     30x 21 .C) x 2     30x -0.50 1 .D) x 1 /x 2     2.E) x 1     0.50x -0.50 2 .

Pilani Junior Siwela · Accepted Answer

Final Answer : C, Explanation :  The correct equation for the isoquant with output 30 is the one that correctly applies the production function's rules and matches the given output level. Option C correctly represents the relationship between the two inputs to produce an output of 30, taking into account the given exponents and coefficients in the production function.

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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Learning Objectives

Learning Objectives

Related questions

A firm has the production function f(x1, x2)  x11x0.502.The isoquant on which output is 305/10 has the equationA) x2  30x-21.B) x2  30x21.C) x2  30x-0.501.D) x1/x2  2.E) x1  0.50x-0.502.

Definitions

Learning Objectives

Learning Objectives

Related questions

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.