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

question 18

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 $15 per unit, how much profit will the firm make if it maximize profits?

• A)$2,666.67
• B)$1,331.33
• C)$5,337.33
• D)$2,651.67
• E)$1,336.33

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Definitions:

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Government spending allocated through legislation that specifically benefits a small group or locality, often viewed as a way to gain political support.

Tax Savings

The reduction in tax payments achieved through deductions, credits, and other allowances under tax laws.

Concentrated Benefits

Benefits that accrue to a small, specific group within society, often at the expense of the general public.