Homework Help Question & Answers

# A firm has the production function f(x, y) = min[2x, x + 2y). On the graph... A firm has the production function f(x, y) = min[2x, x + 2y). On the graph below, use the line tool to draw the production isoquant for this firm where f(x, y) = 10. Make sure your isoquant extends to the edges of the graph. To refer to the graphing tutorial for this question type, please click here. Production Isoquant

#### Homework Answers

Answer #1

x and y are perfect complements of each other. The production function is Leontief i.e. Fixed Proportion. So, the isoquant will be L shaped wth a kink as shown in the below diagram. Also, Marginal Rate of Technical Substitution is not defined at kink points as the isoquants are not continuous. Know the answer?
Your Answer:

#### Post as a guest

Your Name:

What's your source?

#### Earn Coin

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
• ### Consider the market demand function in the graph below. Use the straight-line tool to draw a... Consider the market demand function in the graph below. Use the straight-line tool to draw a line that overlaps with the portion of the demand function that is inelastic (include the portion of the demand curve that is unit elastic). To refer to the graphing tutorial for this question type, please click here. Price Quantity

• ### 2. Sandra has the following preferences over cookies (x) and tea (y) (x,y) = min(3x, 2y)... 2. Sandra has the following preferences over cookies (x) and tea (y) (x,y) = min(3x, 2y) (a) Graph Sandra's indifference curves that go through points (2,3), (4,6), (6,9), (8,12). Be sure to label the axis and the utility levels of the indifference curves. (Hint: You should be graphing 4 indifference curves) (10 points) (b) On the same graph above, draw a budget constraint where pe=2.py=2 m = 20. (Note, careful attention to precise graphing here will help in partc.) (4...

• ### Graph the following function and its inverse on the same Cartesian plane. f(x) = 2*; f-'(x)... Graph the following function and its inverse on the same Cartesian plane. f(x) = 2*; f-'(x) = log 2x Jse the graphing tool to graph the function. Click to enlarge graph

• ### Graph the following function, 7 y=sin Use the graphing tool to graph the function. Click to... Graph the following function, 7 y=sin Use the graphing tool to graph the function. Click to enlarge graph (For any answer boxes shown with the grapher, type an exact answer. Type the word pi to insert the symbol t as needed.) X - 2 Amplitude Period 100 2x Vertical Shift Phase shift 10 x-axis reflection y-axis reflection Editing:

• ### Use a vertical shift to graph the function. y = COS X + 8 Use the... Use a vertical shift to graph the function. y = COS X + 8 Use the graphing tool to graph the function. Click to - enlarge graph (For any answer boxes shown with the grapher, type an exact answer. Type the word pito insert the symbol x as needed.)

• ### The graph below shows the demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves for a supplier of bottled water to commercial buildings. The firm operates as a local monopoly. Use the area tool to draw the rectangle th The graph below shows the demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves for a supplier of bottled water to commercial buildings. The firm operates as a local monopoly. Use the area tool to draw the rectangle that represents the firm's profit if the market quantity is 7,000 bottles.Your answer should be a rectangle with four corners.  To refer to the graphing tutorial for this question type, please click here.

• ### The graph below shows a monopolist's demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves. Management wants to adjust the production output quantity to maximize the firm's profits. What quantity should the firm aim fo The graph below shows a monopolist's demand (D), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves. Management wants to adjust the production output quantity to maximize the firm's profits. What quantity should the firm aim for?Give your answer by dragging the Q line to a new position to mark the quantity at which profit is as large as possible. To refer to the graphing tutorial for this question type, please click here.

• ### Sketch the graph of the function and check the graph with a graphing calculator. Before doing... Sketch the graph of the function and check the graph with a graphing calculator. Before doing so, describe how the graph of the function can be obtained from the graph of a basic exponential function. f(x) = 2X+4 -3 Describe how the graph of the function can be obtained from the graph of a basic exponential function Start with the graph of y = Shift it 4 units and then shiftit 3 units Use the graphing tool to graph the...

• ### Begin with the graph of y="Use transformations to graph the function. Then determine its domain, range,... Begin with the graph of y="Use transformations to graph the function. Then determine its domain, range, and horizontal asymptote. 10 Use the graphing tool to graph the function, C 4 2- -10 -8 4 5 Click to enlarge graph (For any answer boxes shown with the grapher, type an exact answer.) The domain of f(x)" X-7 (Type your answer in interval notation.) The range of f(x) = 6**? (Type your answer in interval notation.) The horizontal asymptote of f(x) =...

• ### Find all y-intercepts and x-intercepts of the graph of the function. f(x) = 2x² – 2x²... Find all y-intercepts and x-intercepts of the graph of the function. f(x) = 2x² – 2x² – 32x+32 If there is more than one answer, separate them with commas. Click on "None" if applicable. None ajo y y-intercept(s): 1 DO X \$ ? x-intercept(s): 2

Free Homework App

Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?

Get Answers For Free
Most questions answered within 3 hours.