Question: 15. A prot-maximizing competitive rm uses just one input, 3. Its production function is g = 8x12. The price of output is $24 and the

15. A prot-maximizing competitive rm uses just one input, 3. Its production function is g = 8x12. The price of output is $24 and the factor price is $8. The amount of the factor that the rm demands is a. 11. b. 128. c. 144. d. 27.11. c. None of the above

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