The Production Function Is Given by F(x) =

question 25

Multiple Choice

The production function is given by f(x) = . If the price of the commodity produced is $80 per unit and the cost of the input is $40 per unit, how much profits will the firm make if it maximizes profits?

• A) $318
• B) $1,284
• C) $640
• D) $625
• E) $323

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Definitions:

Extra Hours

Additional time spent working beyond the standard or expected working schedule.

Correct Verb

Refers to the use of a verb that is appropriate in grammatical structure, tense, mood, and context within a sentence.

Mail Carrier

A person who delivers mail and parcels to residences and businesses.

Hands-On

Involving or allowing direct involvement or physical contact; often used to describe practical or interactive activities or experiences.