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

question 1

Multiple Choice

the production function is given by f(x) =4x^1/2.If the price of the commodity produced is $90 per unit and the cost of the input is $45 per unit, how much profit will the firm make if it maximize profits?

• A)$720
• B)$1,444
• C)$705
• D)$358
• E)$363

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Definitions:

Increasing

A process or trend of becoming progressively larger or greater over time.

Managed-Care Organizations

Health insurance groups that provide healthcare services to their members through specific networks of doctors and hospitals under a fixed budget.

Control Health Care Costs

Efforts and measures taken to manage and reduce the expenses associated with health care services and treatments.

Two Main Types

Often refers to the classification of something into two broad, distinct categories; the specific context (e.g., of products, economic systems) defines what these are.