If the Price of the Output Good Is $4, the Price

question 11

Multiple Choice

if the price of the output good is $4, the price of factor 1 is $1, and the price of factor 2 is $3, what is the profit-maximizing amount of factor 1?

• A)8
• B)2
• C)1
• D)0
• E)There is not enough information to tell.

---

Definitions:

Solid-Waste

Waste comprising of non-liquid materials that come from residential, industrial, and commercial sources.

Hazardous-Waste Detoxification

The process of removing or reducing hazardous substances from waste to minimize their impact on health and the environment.

Post-Consumer Waste

Materials discarded after being used by a consumer, typically referring to recyclable items.

Pre-Consumer Waste

Pre-consumer waste is waste generated in the manufacturing process before the product reaches the consumer, such as production scraps and trimmings.