Question 135 ptsFor the production function y = 4x1+ 3x2, which of the two inputs is more productive when x1 is 10 and x2 is10?X1X 2neither; for this situation, they have equal marginal productscannot tell from the above informationQuestion 145 ptsGiven the production function y = x11/3 x,1/3, what is the marginal physical product of x2 when x1 is 5 and x2is 5?O 0.75370.19O 1.11

y = 4x1 + 3x2 Differentiate y w.r.t x1 to get the marginal product of x1 =>MP1 = dy / dx1 =>…

Answered: For the production function y = 4x1+…

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.9P

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