A firm's production function is f(x1, x2)= (min{x₁, 4x₂})^1/2.If the price of factor 1 is w1 = $5 per unit and the price of factor 2 is w2 = $8 per unit, then its supply function is given by the equation S(p)= A)7p. B)p/14 C)min{w1, 4w2}p. D)max{w1, 4w2}p. E)min{5p, 32p}p.

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The Answer of A firm's production function is f(x1, x2)= (min{x₁, 4x₂})^1/2.If the price of factor 1 is w1 = $5 per unit and the price of factor 2 is w2 = $8 per unit, then its supply function is given by the equation S(p)= A)7p. B)p/14 C)min{w1, 4w2}p. D)max{w1, 4w2}p. E)min{5p, 32p}p.

A Firm's Production Function Is F(x1, X2)= (Min{x1, 4x2})1/2

A Firm's Production Function Is F(x1, X2)= (Min{x₁, 4x₂})^1/2