Multiple Choice
A profit-maximizing competitive firm uses just one input, x.Its production function is q = 4x1/2.The price of output is $12 and the factor price is $3.The amount of the factor that the firm demands is
A) 64.
B) 16
C) 60.
D) 8.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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