A Profit-Maximizing Competitive Firm Uses Just One Input, X

question 6

Multiple Choice

A profit-maximizing competitive firm uses just one input, x.Its production function is q = 8x^1/2.The price of output is $24 and the factor price is $8.The amount of the factor that the firm demands is

• A)11.
• B)128.
• C)144.
• D)27.71.
• E)None of the above.

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