A firm has the production function f(x, y) = 20x1/5 y/5. The slope of the firm's isoquant at the point (x, y) = (20, 40) is (pick the closest one)Select one:а. -3.O b. -0.25.О с. -0.6.d. -0.50.е. -1.50.

A production function is a mathematical equation that expresses the relationships between the number…

Answered: A firm has the production function f(x,…

A firm has the production function f(x, y) = 20x1/5 y4/5. The slope of the firm's isoquant at the point (x, y) = (20, 40) is Select one: О а. -3. О b. -0.25. О с. -0.6. d. -0.50.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A firm has the production function f(x, y) = 20x1/5 y/5. The slope of the firm's isoquant at the point (x, y) = (20, 40) is (pick the closest one)
Select one:
а. -3.
O b. -0.25.
О с. -0.6.
d. -0.50.
е. -1.50.

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