In Problem 2, the Production Function Is Given by F(x)

question 13

Multiple Choice

In Problem 2, the production function is given by f(x) . If the price of the commodity produced is $90 per unit and the cost of the input is $45 per unit, how much profit will the firm make if it maximize profits?

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

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Definitions:

Cognitive Therapy

A form of psychotherapy that aims to alter maladaptive thinking patterns, thereby changing behavior and emotional state.

Problematic Thoughts

Thoughts that are disruptive, unhelpful, or negative in nature, often contributing to emotional distress or psychological disorders.

Traditional Cognitive

Refers to approaches or theories in psychology that focus on understanding how people process, store, and retrieve information.

Alienated

Feeling distanced, estranged, or isolated from others or society, often as a result of social structures or personal choices.