(Answered) A firm has access to a technology that uses two variable

Management Studies

A firm has access to a technology that uses two variable factors of production. Show that if the technology is described by a production function f(x1,x2) = (2x1 +4x2)^1/2, then the technical rate of substitution between x1 and x2 that the firm has to work with is independent of the amount or either x1 or x2 that the firm chooses to employ.

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