Multiple Choice
The production function is given by f(x) = 4x1/2.If the price of the commodity produced is $60 per unit and the cost of the input is $20 per unit, how much profit will the firm make if it maximizes profits?
A) $1,444
B) $705
C) $720
D) $358
E) $363
Correct Answer:
Verified
Correct Answer:
Verified
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