38. For the production function y = 3x₁ + 4x2 , which of the two inputs is more productive when x₁ is 1 and x₂ is 10 ? O. X1 O. X2 O. neither ; for this situation , they have equal marginal products O. cannot tell from the above information 39. Given the production function y = 3x₁ + 4x2 , what is the marginal rate of technical substitution of x₁ for x₂ ( MRSx1x2 ) when x₁ is 5 and x₂ is 5 ? O. -0.75 O. -x1 / 5 O. 5 O. -5

38. For the production function y = 3x₁ + 4x2 , which of the two inputs is more productive when x₁ is 1 and x₂ is 10 ? O. X1 O. X2 O. neither ; for this situation , they have equal marginal products O. cannot tell from the above information 39. Given the production function y = 3x₁ + 4x2 , what is the marginal rate of technical substitution of x₁ for x₂ ( MRSx1x2 ) when x₁ is 5 and x₂ is 5 ? O. -0.75 O. -x1 / 5 O. 5 O. -5

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 8P

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