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

Question 12

Multiple Choice

A profit-maximizing competitive firm uses just one input, x. Its production function is q = 4 A profit-maximizing competitive firm uses just one input, x. Its production function is q = 4 . The price of output is $28 and the factor price is $7. The amount of the factor that the firm demands is A) 8 B) 16 C) 64 D) 60 E) None of the above. . The price of output is $28 and the factor price is $7. The amount of the factor that the firm demands is


A) 8
B) 16
C) 64
D) 60
E) None of the above.

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