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In Problem 9, Suppose That Irma's Production Function Is F(x1

Question 12

Multiple Choice

In Problem 9, suppose that Irma's production function is f(x1, x2) In Problem 9, suppose that Irma's production function is f(x<sub>1</sub>, x<sub>2</sub>) . If the price of factor 1 is w<sub>1</sub> = $2 and the price of factor 2 is w<sub>2</sub> = $15, then her supply function is given by the equation A) S(p) =. B) S(p) = p(max{w<sub>1</sub>, 3w<sub>2</sub>} ) <sup>2</sup>. C) S(p) = p(min{w<sub>1</sub>, 3w<sub>2</sub>} ) <sup>2</sup>. D) S(p) = 7p. E) S(p) = min{ 2p, 45p}. . If the price of factor 1 is w1 = $2 and the price of factor 2 is w2 = $15, then her supply function is given by the equation


A) S(p) =.
B) S(p) = p(max{w1, 3w2} ) 2.
C) S(p) = p(min{w1, 3w2} ) 2.
D) S(p) = 7p.
E) S(p) = min{ 2p, 45p}.

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