The production function is given by f(x) = 4x¹/2. If the price of the commodity produced is $50 per unit and the cost of the input is $40 per unit, how much profit will the firm make if it maximize profits? ➡ X $128 $250 $235 $123 $504
The production function is given by f(x) = 4x¹/2. If the price of the commodity produced is $50 per unit and the cost of the input is $40 per unit, how much profit will the firm make if it maximize profits? ➡ X $128 $250 $235 $123 $504
Chapter1: Making Economics Decisions
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![The production function is given by f(x) = 4x¹/2. If the price of the commodity produced is $50 per unit and the cost of the input is $40 per unit, how much profit will the firm make if it
maximize profits?
OOO
$128
$250
$235
$123
$504](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe52f824a-00b2-4214-a1a5-5683ea9a7f2f%2F33e3f5ea-8f26-4ca9-b9a9-ddd83dce3369%2Fhcy7q1h_processed.png&w=3840&q=75)
Transcribed Image Text:The production function is given by f(x) = 4x¹/2. If the price of the commodity produced is $50 per unit and the cost of the input is $40 per unit, how much profit will the firm make if it
maximize profits?
OOO
$128
$250
$235
$123
$504
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