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

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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
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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