A Competitive Firm's Production Function Is F(x₁, X₂)= 12x^1/2₁

question 35

Multiple Choice

A competitive firm's production function is f(x₁, x₂) = 12x^1/2₁ + 4x^1/2₂.The price of factor 1 is $1 and the price of factor 2 is $2.The price of output is $4.What is the profit-maximizing quantity of output?

• A)304
• B)608
• C)300
• D)612
• E)292

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