Let the production be f(x,y)= x^1/2y^1/2. If the price of x is 8 and the price of y is 16, in what proportions should the firm use x and y if it wants to maximize profits? A)x=y B)x=2y C)x=0.5y D)Cannot tell without knowing the price of output.

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The Answer of Let the production be f(x,y)= x^1/2y^1/2. If the price of x is 8 and the price of y is 16, in what proportions should the firm use x and y if it wants to maximize profits? A)x=y B)x=2y C)x=0.5y D)Cannot tell without knowing the price of output.

Let the Production Be F(x,y)= X1/2y1/2

Let the Production Be F(x,y)= X^1/2y^1/2