How much profit will the firm make if it maximizes profit
The production function is given by f(x) =4x^1/2. How much profit will the firm make if it maximizes profit if the price of a commodity produced is $60 per unit and the cost of the input is $20 per unit?
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How much will it cost her to produce 70 units of output when the Agatha has a production function 2x1+x and if the factor prices are $8 for factor 1 and $5 for factor 2?
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