Question: Question 1 5 pts Given the production function y = 2x1*2, what is the marginal rate of technical substitution of x1 for x2 ( MRS*1x2)?

Question 1 5 pts Given the production function y = 2x1*2,

Question 1 5 pts Given the production function y = 2x1*2, what is the marginal rate of technical substitution of x1 for x2 ( MRS*1x2)? 0 4 O -X2/X1 O - 2 O -2x1/X2 Question 2 5 pts Given the production function y = x, 1/3x, 1/3, what is the marginal rate of technical substitution of x1 for xz ( MRSx1x2) when x1 is 2 and x 2 is 2? O -1 O - 2 0 -2/X1 O 2/X2

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Question 1 5 pts Given the production function :V = 4x1+ 3162, what is the marginal rate of technical substitution of x; for x1( MRSxei)? O -O.75 0 451/752 0 '3751 O 1.2 Question 2 5 pts For the...

Q:

Question 3 5 pts Given the production function 3' = 431+ 3172, what is the marginal rate of technical substitution of x1 for x2( MRquz)? O 0.75 O -1.33 0 452/171 O -2x1/x2 Question 4 5 pts For the...

Q:

Answer the questions. in the following attachments. Question 1. (10 marks) Consider the function z = f(x, y) = x/y. Showing all steps, use the Newton Quotient approach to find ?z/?y. Question 2. (5...

Q:

ANswer these questions. Question 1. (10 marks) Consider the function z = f(x, y) = x/y. Showing all steps, use the Newton Quotient approach to find ?z/?y. Question 2. (5 marks) Let w = xx yx zx ....

Q:

give all Problem 1. Demand Bengt's utility function is U(x1, x2)= x1 + ln x2 x1 - stamps x2 - beer Bengts budget p1 x1 + p2 x2 = m p1 - price of stamps p2 - price of beer m - Bengt's budget a) What...

Q:

Please help me to answer the following: 1.Economic profits are: a.Total revenue minus total cost b.Marginal revenue minus marginal cost c.Total revenue minus total opportunity cost d.Total profits of...

Q:

He lp m e pl e a se . Question,, estion: Ms. Matilda Bracken is a Certified Financial Planner (CFP) with many years of successful experien... Ms. Matilda Bracken is a Certified Financial Planner...

Q:

statistics and probability 3 Problem 1 (40p) (Well-behaved preferences) Lila spends her income on two goods: food, x1; and clothing, x2. a) The price food is p1= 2 and one piece of clothing costs p2=...

Q:

statistics and probability 3 Problem 1 (40p) (Well-behaved preferences) Lila spends her income on two goods: food, x1; and clothing, x2. a) The price food is p1= 2 and one piece of clothing costs p2=...

Q:

Problem 2 We consider an agent and two assets, A and B, and two states of the world, s1 and s2. Asset A is a safe asset: each unit of that asset yields 1 unit of consumption in both states (there is...

Q:

Dilan, Inc. is a publicly-traded cyber security company and it is considering a rights offer. The ex-rights price is $36 on the ex-rights day, whereas the rights-on price was $45. The company has 4...

Q:

On December 31, 20X4, Kay Company sold land that had an original cost of $420,000. In exchange, they accepted $22,000 in cash plus a promissory note with a face value of $400,000, a due date of...

Q:

how best to learn dsa patterns having hard time memorizing their usefulness.

Q:

All of the following are the most common reasons that firms decide to globalize EXCEPT

Q:

2. Do you think it is realistic to attempt to encourage a lifetime of customer patronage in todays uncertain business climate? Elaborate on your response.

Q:

The financial area of your life: Where are you living? In what type of home? How much money do you have in savings and investments? What kind of car are you driving?

Q:

You have discovered that your boss lied on her rsum about her academic credentials. She is being considered for a new position in your organization, but you believe you are more qualified than she...