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The Production Function Is Given by F(x)=4x1/2

Question 15

Multiple Choice

The production function is given by f(x) =4x1/2.If the price of the commodity produced is $60 per unit and the cost of the input is $10 per unit, how much profit will the firm make if it maximizes profits?


A) $1,440
B) $718
C) $2,884
D) $1,425
E) $723

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