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A Competitive Firm's Production Function Is F(x1, X2) = 6

Question 28

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A competitive firm's production function is f(x1, x2) = 6 A competitive firm's production function is f(x<sub>1</sub>, x<sub>2</sub>) = 6 <sub>1</sub> + 8 <sub>2</sub>. The price of factor 1 is $1 and the price of factor 2 is $4. The price of output is $8. What is the profit-maximizing quantity of output? A) 416 B) 208 C) 204 D) 419 E) 196 1 + 8 A competitive firm's production function is f(x<sub>1</sub>, x<sub>2</sub>) = 6 <sub>1</sub> + 8 <sub>2</sub>. The price of factor 1 is $1 and the price of factor 2 is $4. The price of output is $8. What is the profit-maximizing quantity of output? A) 416 B) 208 C) 204 D) 419 E) 196 2. The price of factor 1 is $1 and the price of factor 2 is $4. The price of output is $8. What is the profit-maximizing quantity of output?


A) 416
B) 208
C) 204
D) 419
E) 196

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