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

Question 9

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> = $3 and the price of factor 2 is w<sub>2</sub> = $9, then her supply function is given by the equation A) S(p) = p(min{w<sub>1</sub>, 3w<sub>2</sub>} ) <sup>2</sup>. B) S(p) = 6p. C) S(p) =. D) S(p) = p(max{w<sub>1</sub>, 3w<sub>2</sub>} ) <sup>2</sup>. E) S(p) = min{ 3p, 27p}. . If the price of factor 1 is w1 = $3 and the price of factor 2 is w2 = $9, then her supply function is given by the equation


A) S(p) = p(min{w1, 3w2} ) 2.
B) S(p) = 6p.
C) S(p) =.
D) S(p) = p(max{w1, 3w2} ) 2.
E) S(p) = min{ 3p, 27p}.

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