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A Competitive Firm's Production Function Is F(x1, X2) = 12

Question 5

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A competitive firm's production function is f(x1, x2) = 12 A competitive firm's production function is f(x<sub>1</sub>, x<sub>2</sub>) = 12 <sub>1</sub> + 4 <sub>2</sub>. 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 1 + 4 A competitive firm's production function is f(x<sub>1</sub>, x<sub>2</sub>) = 12 <sub>1</sub> + 4 <sub>2</sub>. 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 2. 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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