A profit-maximizing competitive firm uses just one input. x. Its production function is q = 4x 1/2

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A profit-maximizing competitive firm uses just one input. x. Its production function is q = 4x ^1/2. The price of output is $12 and the factor price is $3. The amount of the factor that the fum demands is
A) 24

B) 16

C) 60

D) S

E) None of the above.

Related Book For answer-question

Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Posted Date: Jul 16, 2019 03:51 AM

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A profit-maximizing competitive firm uses just one input. x. Its production function is q = 4x 1/2

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Option E Firm will demand the factor unt... View the full answer

Microeconomics

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