A Firm's Production Function Is F(x1, X2)= (Min{x 1 , 3x 2 }) 1/2

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A Firm's Production Function Is F(x1, X2)= (Min{x 1 , 3x 2 }) 1/2

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A Firm's Production Function Is F(x1, X2)= (Min{x₁, 3x₂})^1/2

Question 38

Multiple Choice

A firm's production function is f(x1, x2) = (min{x₁, 3x₂}) ^1/2.If the price of factor 1 is w1 = $6 per unit and the price of factor 2 is w2 = $6 per unit, then its supply function is given by the equation S(p) =

A) max{w1, 3w2}p.
B) min{w1, 3w2}p
C) 8p.
D) p/16.
E) min{6p, 18p}p.

A Firm's Production Function Is F(x1, X2)= (Min{x1, 3x2})1/2

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A Firm's Production Function Is F(x1, X2)= (Min{x₁, 3x₂})^1/2

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