Multiple Choice
A competitive firm's production function is f(x1, x2) = 8x1/21 +8x1/22.The price of factor 1 is $1 and the price of factor 2 is $3.The price of output is $6.What is the profit-maximizing quantity of output?
A) 256
B) 512
C) 252
D) 516
E) 244
Correct Answer:
Verified
Correct Answer:
Verified
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