The given statement "The firm’s production function is given as (x1, x2) = x1 + 2x2" is true.This implies that the cost of producing x2 is twice the cost of producing x1.
The given production function of the firm:f(x1, x2) = x1 + 2x2shows the output that the firm can produce by using the two input factors x1 and x2.
To determine if x2 is twice as expensive as x1, we need to compare the costs of producing these two inputs. Since the production function does not give the actual cost of production, we need to use the concept of marginal cost. The marginal cost of an input is the additional cost incurred by the firm when it increases the input by one unit.
Mathematically, marginal cost = ∂C/∂XiHere, Xi represents the input factor and C represents the total cost of production. Now, let us find the marginal cost of x1 and x2.Marginal cost of x1 = ∂C/∂x1= ∂(x1 + 2x2)/∂x1= 1Marginal cost of x2 = ∂C/∂x2= ∂(x1 + 2x2)/∂x2= 2Therefore, the cost of producing x2 is twice the cost of producing x1. Hence, the given statement is true.
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Michael faces several ethical dilemmas in the scenes. Firstly, he is torn between loyalty to his family and his personal values when he is asked to kill someone. He struggles to make a decision as he knows that his family expects him to carry out the task, but it goes against his own ethical code.
Secondly, Michael is forced to choose between his duty as a police officer and his loyalty to his family when he is asked to cover up a crime committed by his family member. This puts him in a difficult position as he wants to do the right thing, but he also does not want to betray his family.
In managing his way through these dilemmas, Michael relies on his own moral compass and seeks advice from trusted sources. He takes time to reflect on his values and considers the potential consequences of his actions.
Such ethical dilemmas are a believable part of modern life, and many people face similar situations in their personal and professional lives.
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B) department of education
C) department of the treasury
D) department of the interior
B. underestimate
C. overestimate
People who had been drinking tend to underestimate the risks of driving, as alcohol negatively affects physical and mental abilities necessary for safe driving.
The correct answer to the question is B. Underestimate. People who have been drinking tend to underestimate the risks of being on the road. This is because the mental and physical abilities necessary for safe driving, such as motor control and the ability to make quick decisions, are negatively affected by alcohol. Thus, a person may not fully comprehend the potential dangers and consequences. People who had been drinking tend to underestimate the risks of driving, as alcohol negatively affects physical and mental abilities necessary for safe driving.
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b. False
The answer is true. Have a nice day.