Multiple Choice
A firm uses a single input to produce its output, which is sold in a competitive market. It gets quantity discounts on purchases of its input. If it buys x units of the input, the price it must pay per unit of input is 
+ 3. If it buys no inputs, it doesn't have to pay anything. The firm's production function is f(x) = 45x - x2. If the price of the firm's output is 1, the profit-maximizing amount of input to buy is
A) 21.
B) 0.
C) 42.
D) 31.50.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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