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[Steps Shown] Greg mixes two products (x1 and x2) and sells the resulting output. His customers accept the mix if and only if it contains at least 1/2 by

Question: Greg mixes two products (x1 and x2) and sells the resulting output. His customers accept the mix if and only if it contains at least 1/2 by volume of x1 and 1/3 by volume of x2.

Draw carefully the unit isoquant for this output.
Describe precisely the input requirement set V (y) for one unit of output.
Find the production function.

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[Steps Shown] Greg mixes two products (x1 and x2) and sells the resulting output. His customers accept the mix if and only if it contains at least 1/2 by

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