The Production Function Is Given by F(x)= 4x^1/2

question 4

Multiple Choice

the production function is given by f(x) = 4x^1/2.If the price of the commodity produced is $100 per unit and the cost of the input is $45 per unit, how much profit will the firm make if it maximize profits?

• A)$1,781.78
• B)$873.89
• C)$888.89
• D)$442.44
• E)$447.44

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Definitions:

Paychecks

Regular payments made by employers to employees for the work they have performed, often on a weekly or bi-weekly basis.

Finance Charge

A fee charged for the use of credit or the extension of existing credit, often expressed as an annual percentage rate.

Credit Card Statement

A monthly document provided by credit card companies that details all the transactions, fees, payments, and outstanding balance for the account.

Monthly Credit

Refers to any credit received or applied to an account each month, such as cash back from a credit card or credit for returned items.