Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Lee asked in Social ScienceEconomics · 7 years ago

Perfect Substitutes Question?

I have an economic problem that says you can make 1 lemonade with 5 large lemons or you can make one lemonade with 10 small lemons where x is the number of large lemons and z is the number of small lemons.

in the answer it says that the production function is f(xz)= x + (z/4)

i'm confused about how to get the production function, where does the four come from? I thought the answer would be f(xz)= x + (z/2) because one unit of x is worth 1/2 unit of z.

can anyone explain to me how this is the answer

TIA

1 Answer

Relevance
  • Anonymous
    7 years ago

    Good question

Still have questions? Get your answers by asking now.