The Production Function Is Given by F(x) =

question 36

Multiple Choice

The production function is given by f(x) = . If the price of the commodity produced is $60 per unit and the cost of the input is $20 per unit, how much profit will the firm make if it maximizes profits?

• A) $1,444
• B) $705
• C) $720
• D) $358
• E) $363

---

Definitions:

Current-rate Method

A method used in financial reporting to convert the financial statements of a foreign subsidiary to the parent company's currency by applying the current exchange rate.

British Tweeds

High-quality traditional British woven fabrics known for their distinctive patterns, durability, and use in classic clothing.

Pounds Sterling

The official currency of the United Kingdom.

Temporal Method

A method of currency translation in accounting where foreign currency balances are translated to the reporting currency using exchange rates depending on the timing of the original transaction.