The price of output is 28 and the factor price is 7 what is
A profit-maximizing competitive firm uses just one input, x. Its production function is q = 4x1/2. The price of output is $28 and the factor price is $7. What is th amount of the factor that the firm demands?
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a profit-maximizing competitive firm uses just one input x its production function is q 4x12 the price of output is 28
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