A firm is producing output using one variable factor of production The firm's production function is y 154x 5x 2 The price of the output is $2 and the price of input is $8 per unit How many units of the input should the firm use

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Question: A firm is producing output using one variable factor of production. The firm's production function is y = 154x 5x 2 . The price of

A firm is producing output using one variable factor of production. The firm's production function is y = 154x 5x² . The price of the output is $2 and the price of input is $8 per unit. How many units of the input should the firm use?

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