# Answer on Microeconomics Question for Zach Sonenblum

Question #37612

Suppose that the production function for producing output Y is given as: Y=2x1+min{x1,x2},

where x1 and x2 are the only two inputs used to produce Y.

Part (i): Suppose that in the short run, x2 is fixed at 4 units. What is the marginal product of x1 when the firm produces 9 units of output? What is the marginal product of x1 when the firm produces 20 units of output? Explain your answer fully.

Part (ii): Suppose that in the short run, x2 is fixed at 4 units. The marginal product of x1 exhibits a discontinuity. Find the general conditions that give rise to each of the two possible values:

x1 < _____ ⇒ MP1=_____ x1 > _____ ⇒ MP1=_____

where x1 and x2 are the only two inputs used to produce Y.

Part (i): Suppose that in the short run, x2 is fixed at 4 units. What is the marginal product of x1 when the firm produces 9 units of output? What is the marginal product of x1 when the firm produces 20 units of output? Explain your answer fully.

Part (ii): Suppose that in the short run, x2 is fixed at 4 units. The marginal product of x1 exhibits a discontinuity. Find the general conditions that give rise to each of the two possible values:

x1 < _____ ⇒ MP1=_____ x1 > _____ ⇒ MP1=_____

Expert's answer

Dear visitor.

Unfortunately, your question requires a lot of work and cannot be done for free. Please submit it with all requirements as an assignment to our control panel and we'll assist you.

Unfortunately, your question requires a lot of work and cannot be done for free. Please submit it with all requirements as an assignment to our control panel and we'll assist you.

Need a fast expert's response?

Submit orderand get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

## Comments

## Leave a comment