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

question 43

Multiple Choice

The production function is given by f(x) =4x^1/2.If the price of the commodity produced is $80 per unit and the cost of the input is $40 per unit, how much profits will the firm make if it maximizes profits?

• A)$318
• B)$1,284
• C)$640
• D)$625
• E)$323

---

Definitions:

Percentage

A proportion or share expressed as a fraction of 100.

Inferential Statistics

The branch of statistics that allows making predictions or inferences about a population based on a sample of data drawn from that population.

Descriptive Statistics

Statistical methods that summarize and describe the features of a dataset.

Descriptive Measure

Statistical calculations that summarize or describe the characteristics of a set of data, including measures such as mean, median, and mode.