A firm has the production function $f(x 1 , x 2 ) =x 2.50 1 x 0.50 2 .The isoquant on which output is 50 5/10 has the equationA) x 2 =50x - 5 1 .B) x 2 =50x 2 1 .C) x 1 /x 2 = 5.D) x 2 = 50x - 0.50 1 .E) x 1 =0.50x - 0.50 2 .

Question

A firm has the production function $f(x 1 , x 2 ) =x 2.50 1 x 0.50 2 .The isoquant on which output is 50 5/10  has the equationA) x 2  =50x - 5 1 .B) x 2  =50x 2 1 .C) x 1 /x 2  = 5.D) x 2  = 50x - 0.50 1 .E) x 1  =0.50x - 0.50 2 .

Rupanshi Lalge · Accepted Answer

Final Answer : A, Explanation :  The isoquant equation is found by setting the production function equal to the desired output level and solving for x 2  in terms of x 1 . In this case, we have:50 5/10  = x 2.50 1 x 0.50 2 50 = x 2.50 1 x 0.50 2 x 2  = 50x - 5 1

A firm has the production function $f(x₁, x₂) =x^2.50₁x^0.50₂.The isoquant on which output is 50^5/10 has the equation

A) x₂ =50x^-⁵₁.
B) x₂ =50x²₁.
C) x₁/x₂ = 5.
D) x₂ = 50x^-^0.50₁.
E) x₁ =0.50x^-^0.50₂.

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A firm has the production function $f(x1, x2) =x2.501x0.502.The isoquant on which output is 505/10 has the equationA) x2 =50x-51.B) x2 =50x21.C) x1/x2 = 5.D) x2 = 50x-0.501.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) =x^2.50₁x^0.50₂.The isoquant on which output is 50^5/10 has the equation

A) x₂ =50x^-⁵₁.
B) x₂ =50x²₁.
C) x₁/x₂ = 5.
D) x₂ = 50x^-^0.50₁.
E) x₁ =0.50x^-^0.50₂.