Topic: Firm Supply Diculty: 0% Correct Responses: 65 Discrimination Index: 67Correct Answer: A22.14

Topic: Firm Supply Diculty: 0% Correct Responses: 65 Discrimination Index: 67Correct Answer: A22.14 A rm’s production function is f(x1; x2) = (minfx1; 4x2g)1=2. If the price of factor 1 isw1 = 2 per unit and the price of factor 2 is w2 = 8 per unit, then its supply function is given by theequation S(p) =(a) p=8.(b) p(maxfw1; 4w2g).(c) p(minfw1; 4w2g).(d) 4p.(e) pminf2p; 32pg.Topic