The production function is f(x₁, x₂) = ₁ ₂. If the price of factor 1 is $10 and the price of factor 2 is $15, in what proportions should the firm use factors 1 and 2 if it wants to maximize profits? A) x₁ = 1.50x₂. B) x₁ = x₂. C) x₁ = 15x₂. D) x₁ = 0.67x₂. E) We can't tell without knowing the price of the output.

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The Answer of The production function is f(x₁, x₂) = ₁ ₂. If the price of factor 1 is $10 and the price of factor 2 is $15, in what proportions should the firm use factors 1 and 2 if it wants to maximize profits? A) x₁ = 1.50x₂. B) x₁ = x₂. C) x₁ = 15x₂. D) x₁ = 0.67x₂. E) We can't tell without knowing the price of the output.

The Production Function Is F(x1, X2) = 1

The Production Function Is F(x₁, X₂) = ₁