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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Relative Sea Level

The height of the sea surface relative to the land, which may change due to factors like tectonic activity or sea-level rise.

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Coastal water bodies that are protected from strong waves and currents, often by landforms around them.

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Streams of meltwater from glaciers, carrying melted ice away from the glacier and often depositing loads of sediment.

Sea Level

The average height of the ocean's surface between high and low tide, used as a reference point for measuring elevation and depth on Earth.