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

Question 43

Multiple Choice

The production function is given by f(x) =4x1/2.If the price of the commodity produced is $80 per unit and the cost of the input is $40 per unit, how much profits will the firm make if it maximizes profits?


A) $318
B) $1,284
C) $640
D) $625
E) $323

Correct Answer:

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